Vermont Statutes Title 8 Sec. 4190
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Terms Used In Vermont Statutes Title 8 Sec. 4190
- Association: means the Vermont Life and Health Insurance Guaranty Association created under section 4176 of this chapter. See
- Insolvent insurer: means a member insurer that, after the effective date of this chapter, is placed under an order of liquidation by a court of competent jurisdiction with a finding of insolvency. See
§ 4190. Prospective application
(a) This chapter shall apply to all matters relating to any impaired or insolvent insurer for which the Association first became obligated on or after July 1, 2023.
(b) Matters relating to any impaired or insolvent insurer for which the Association first became obligated prior to July 1, 2023, shall be governed by the provisions of this chapter in effect at the time the Association first became obligated for such matters. (Added 2023, No. 32, § 9, eff. July 1, 2023.)