Insurance

VERMONT DEPARTMENT OF BANKING, INSURANCE AND SECURITIES

RULE I-90-1

RULES GOVERNING INTERMUNICIPAL INSURANCE AGREEMENTS

Section 1.        Purpose and Authority

Section 2.        Definitions

Section 3.        Application for Approval of an Intermunicipal Insurance Agreement; Requirements; Approval; Review

Section 4.        Terms of Approval, Revocation or Dissolution

Section 5.        Member Agreement

Section 6.        Responsibilities of Members’ Supervisory Board

Section 7.        Contribution Requirements

ARTICLE I:  AUTHORITY

Section I. Authority   The following regulations applicable to variable life insurance policies are promulgated under the authority of 8 V.S.A., Section 3858, the Insurance Laws of Vermont, and are effective January 1, 1989. Nothing in these regulations shall be construed to be inconsistent with any provision under the Vermont Securities Act, 9 V.S.A., Chapter 131.

ARTICLE II , DEFINITIONS
Section 1.  Affiliate.

Action 1.

This regulation is promulgated pursuant to authority granted by 8 V.S.A., Section 75. The purpose of this regulation is to identify specific acts or practices which are prohibited by 8 V.S.A., Chapter 129, Section 4724 (7) (Insurance Trade Practices).

Section 1.  Purpose and Authority

This regulation is promulgated pursuant to 8 V.S.A. Sections 75 and 4691.

The purpose of this regulation is to set forth the manner of reporting and the kinds of data that are to be included in financial and statistical reports required to be submitted by property and casualty insurance companies. This regulation shall not be interpreted to limit the powers granted the Commissioner by any laws or part of laws of this state.

Section 1.  Purpose and Scope.
(A)  The purpose of this regulation is to set forth procedures for submitting:
(1)  property and casualty form filings required by 8 V.S.A. Section 3541;
(2)  property and casualty rates, supplementary rate information, and supporting rate information required by 8 V.S.A. Section 4688;
(3)  consent to rate filings required by 8 V.S.A. Section 4688(f); and
(4)  workers compensation filings required by 8 V.S.A. Section 4687.

PART A. ANNUITY MORTALITY TABLES
Section 1.  Authority.

Part A of Regulation I-88-4 is promulgated by the Commissioner of the Vermont Department of Financial Regulation pursuant to 8 V.S.A., Section 3784, of the Vermont Insurance Statutes.

Section 2.  Purpose.

Section 1.  PURPOSE

This regulation is promulgated to eliminate unfair discrimination in health insurance policies and contracts covering Vermont residents.

Section 1.  AUTHORITY.

This rule is adopted and promulgated by the Commissioner of Banking and Insurance pursuant to the general authority granted in Sections 75 and 4902 of the Insurance Code and also Sections 4723 and 4724 of the Insurance Trade Practices in the Vermont Title 8 Insurance Code.

A.  The purpose of this regulation is:
(1)  To regulate the activities of insurers and producers with respect to the replacement of existing life insurance and annuities.
(2)  To protect the interests of life insurance and annuity purchasers by establishing minimum standards of conduct to be observed in replacement or financed purchase transactions. It will:
(a)  Assure that purchasers receive information with which a decision can be made in his or her own best interest; and
(b)  Reduce the opportunity for misrepresentation and incomplete disclosure.