State Codes and Statutes

Statutes > Vermont > Title-08 > Chapter-105 > 3968

§ 3968. Penalty for violations

If an insurance company violates a provision of sections 3961-3967 of this title or if the commissioner is satisfied, after a hearing, that a company declines or refuses to write insurance on any building because of the requirement that the value of such building shall be agreed upon as provided in section 3964 of this title, the commissioner shall suspend its authority to do business in this state for such period, not exceeding one year, as he or she may deem advisable.

State Codes and Statutes

Statutes > Vermont > Title-08 > Chapter-105 > 3968

§ 3968. Penalty for violations

If an insurance company violates a provision of sections 3961-3967 of this title or if the commissioner is satisfied, after a hearing, that a company declines or refuses to write insurance on any building because of the requirement that the value of such building shall be agreed upon as provided in section 3964 of this title, the commissioner shall suspend its authority to do business in this state for such period, not exceeding one year, as he or she may deem advisable.


State Codes and Statutes

State Codes and Statutes

Statutes > Vermont > Title-08 > Chapter-105 > 3968

§ 3968. Penalty for violations

If an insurance company violates a provision of sections 3961-3967 of this title or if the commissioner is satisfied, after a hearing, that a company declines or refuses to write insurance on any building because of the requirement that the value of such building shall be agreed upon as provided in section 3964 of this title, the commissioner shall suspend its authority to do business in this state for such period, not exceeding one year, as he or she may deem advisable.

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