§ 5028 - Information required on contract - Vermont Statutes

§ 5028. Information required on contract

Each surplus lines broker through whom a surplus lines insurance coverage is procured shall endorse on the outside of the policy and on any confirmation of the insurance, his or her name, address and license number, and the name and address of the producer, if any, through whom the business originated. Where such coverage is placed with an eligible surplus lines insurer there shall be stamped or written conspicuously in no smaller than 10 point boldface type of a contrasting color upon the first page of the policy and the confirmation of insurance if any, "The company issuing this policy has not been licensed by the state of Vermont and the rates charged have not been approved by the commissioner of insurance. Any default on the part of the insurer is not covered by the Vermont Insurance Guaranty Association." (Added 1979, No. 50, § 2; amended 1979, No. 197 (Adj. Sess.), § 6; 2001, No. 97 (Adj. Sess.), § 19.)