reglab/housing_qa huggingface dataset:
8 V.S.A. § 4257
2021 Vermont Statutes|Title 8 - Banking and Insurance|Chapter 114 - Portable Electronics Insurance|§ 4257. Definitions

§ 4257. Definitions|As used in this chapter:  (1) "Portable electronics" means electronic devices that are portable in nature, their accessories, and services related to the use of such devices. (2) "Portable electronics insurance" means insurance which may be offered on a month-to-month or other periodic basis as a group or master commercial inland marine policy that provides coverage for the repair or replacement of portable electronics against any one or more of the following causes of loss: loss, theft, inoperability due to mechanical failure, malfunction, damage, or other similar causes of loss. The term does not include a service contract governed by subchapter 4 of chapter 113 of this title, a policy of insurance covering a seller's or a manufacturer's obligations under a warranty, or a homeowner's, renter's, private passenger automobile, commercial multi-peril, or similar policy. (3) "Portable electronics vendor" means a person in the business of selling or leasing portable electronics directly or indirectly. (Added 2011, No. 136 (Adj. Sess.), § 9, eff. May 18, 2012.)
8 V.S.A. § 4258
2021 Vermont Statutes|Title 8 - Banking and Insurance|Chapter 114 - Portable Electronics Insurance|§ 4258. Premium billings

§ 4258. Premium billings|The charges for portable electronics insurance coverage may be billed and collected by a portable electronics vendor. Any charge to a customer for coverage that is not included in the cost associated with the purchase or lease of portable electronics shall be separately itemized on the customer's bill. If the portable electronics insurance coverage is included with the purchase or lease of portable electronics, a portable electronics vendor shall clearly and conspicuously disclose to the customer that the portable electronics insurance coverage is included with the portable electronics. A portable electronics vendor billing and collecting such charges shall not be required to maintain such funds in a segregated account, provided that the vendor is authorized by the insurer to hold such funds in an alternative manner and remits such amounts to the insurer or the producer appointed by the insurer to supervise the administration of a portable electronics insurance program within 60 days of receipt. All funds received by a portable electronics vendor from an enrolled customer for the sale of portable electronics insurance shall be considered funds held in trust by the vendor in a fiduciary capacity for the benefit of the insurer. Portable electronics vendors may receive compensation for billing and collection services. (Added 2011, No. 136 (Adj. Sess.), § 9, eff. May 18, 2012.)
8 V.S.A. § 4259
2021 Vermont Statutes|Title 8 - Banking and Insurance|Chapter 114 - Portable Electronics Insurance|§ 4259. Termination and modification requirements

§ 4259. Termination and modification requirements|Notwithstanding any other provision of law, the terms for the termination or modification of a policy of portable electronics insurance shall be as set forth in the policy. (Added 2011, No. 136 (Adj. Sess.), § 9, eff. May 18, 2012.)
8 V.S.A. § 4260
2021 Vermont Statutes|Title 8 - Banking and Insurance|Chapter 114 - Portable Electronics Insurance|§ 4260. Notice requirements

§ 4260. Notice requirements|(a) Whenever notice or correspondence with respect to a policy of portable electronics insurance is required pursuant to the policy or is otherwise required by law, it shall be in writing. Notwithstanding any other provision of law, notices and correspondence may be sent either by mail or by electronic means as set forth in this section. If the notice or correspondence is mailed, it shall be sent to the portable electronics vendor at the vendor's mailing address specified for such purpose and to its affected customers' last known mailing address on file with the insurer. The insurer or vendor of portable electronics shall maintain proof of mailing in a form authorized or accepted by the U.S. Postal Service or other commercial mail delivery service. If the notice or correspondence is sent by electronic means, it shall be sent to the portable electronics vendor at the vendor's electronic mail address specified for such purpose and to its affected customers' last known electronic mail address as provided by each customer to the insurer or vendor of portable electronics. A customer's provision of an electronic mail address to the insurer or vendor of portable electronics is deemed consent to receive notices and correspondence by electronic means at such address if notice of that consent is provided to the customer within 30 calendar days. The insurer or vendor of portable electronics shall maintain proof that the notice or correspondence was sent.(b) Notice or correspondence required pursuant to a policy of portable electronics insurance or otherwise required by law may be sent on behalf of the insurer or vendor by an insurance producer appointed by the insurer to supervise the administration of a portable electronics insurance program. (Added 2011, No. 136 (Adj. Sess.), § 9, eff. May 18, 2012; amended 2017, No. 80, § 17.)
8 V.S.A. § 4261
2021 Vermont Statutes|Title 8 - Banking and Insurance|Chapter 114 - Portable Electronics Insurance|§ 4261. Rulemaking; licensing; claims; sales

§ 4261. Rulemaking; licensing; claims; sales|The Commissioner shall adopt rules establishing a business entity limited lines producer license for the sale of portable electronics insurance as well as requirements for the sale of portable electronics insurance by a vendor and its employees and authorized representatives and standards for the adjusting of claims under a policy of portable electronics insurance by a supervising entity. (Added 2011, No. 136 (Adj. Sess.), § 9, eff. May 18, 2012.)
8 V.S.A. § 4361
2021 Vermont Statutes|Title 8 - Banking and Insurance|Chapter 117 - Workers' Compensation Insurance|§ 4361. Mutual associations authorized

§ 4361. Mutual associations authorized|Employers who have accepted the provisions of the workers' compensation law and are bound to pay compensation to their employees thereunder, with the approval of the Commissioner, may associate themselves in accordance with the law for the formation of corporations without capital stock for the purpose of establishing and maintaining mutual associations to insure their liabilities under such provisions. (Amended 1981, No. 165 (Adj. Sess.), § 1.)
8 V.S.A. § 4362
2021 Vermont Statutes|Title 8 - Banking and Insurance|Chapter 117 - Workers' Compensation Insurance|§ 4362. Commissioner's approval required

§ 4362. Commissioner's approval required|The Commissioner may require the incorporators of such association to include in their proposed certificate of incorporation such lawful provisions for the regulation of the affairs of the association and the definition of its powers and the powers of its officers, directors, and incorporators as shall satisfy the Commissioner that it is well designed and wisely adapted to its proposed purposes. When such a certificate in form and substance acceptable to the Commissioner has been approved by and filed with the Secretary of State, the incorporators shall forthwith cause copies thereof to be filed in the Office of the Commissioner and of the Commissioner of Labor. (Amended 2005, No. 103 (Adj. Sess.), § 3, eff. April 5, 2006.)
8 V.S.A. § 4363
2021 Vermont Statutes|Title 8 - Banking and Insurance|Chapter 117 - Workers' Compensation Insurance|§ 4363. Membership

§ 4363. Membership|Membership in such association shall be limited to such employers as are liable for compensation to their employees under the workers' compensation law and such association shall have power by appropriate bylaws to provide for the admission, suspension, withdrawal, or expulsion of members. (Amended 1981, No. 165 (Adj. Sess.), § 1.)
8 V.S.A. § 4364
2021 Vermont Statutes|Title 8 - Banking and Insurance|Chapter 117 - Workers' Compensation Insurance|§ 4364. Control of association

§ 4364. Control of association|Except as herein otherwise provided such association shall be subject to the same regulations and control as is or may be imposed by law upon other corporations or associations taking similar risks in this State, and the Commissioner shall have such jurisdiction and power over such association as may be now or hereafter given by the insurance laws of this State.
8 V.S.A. § 4365
2021 Vermont Statutes|Title 8 - Banking and Insurance|Chapter 117 - Workers' Compensation Insurance|§ 4365. Policies

§ 4365. Policies|A policy shall not be issued by such association until membership in such number and with such numbers of employees as the Commissioner may decide will give a fair diffusion of risks shall have obligated themselves to take policies immediately upon their authorization, nor shall a policy be issued except such as the Commissioner shall have approved as conforming in all respects to the requirements of the law relating to such associations. If, at any time by the retirement of members, reduction of numbers of employees or other cause the membership of any association shall appear to the Commissioner no longer to afford a fair diffusion of risks, he or she may suspend or forbid the further issue of policies until the former conditions of the association have been restored.
8 V.S.A. § 4366
2021 Vermont Statutes|Title 8 - Banking and Insurance|Chapter 117 - Workers' Compensation Insurance|§ 4366. Officers and voting rights

§ 4366. Officers and voting rights|The affairs of such an association shall be managed by such officers and directors as may be chosen in a manner prescribed by the bylaws of the association, provided each member shall be entitled to cast at least one ballot in all elections and votes and that a member who has had for six months an average of more than 100 and not more than 250 employees to whom he or she is bound to pay compensation under the workers' compensation law shall be entitled to two ballots, and that each additional 150 employees shall entitle such member to an additional ballot, but no member shall be entitled to cast more than ten ballots. (Amended 1981, No. 165 (Adj. Sess.), § 1.)
8 V.S.A. § 4367
2021 Vermont Statutes|Title 8 - Banking and Insurance|Chapter 117 - Workers' Compensation Insurance|§ 4367. Power to prescribe and enforce safety rules

§ 4367. Power to prescribe and enforce safety rules|Such association shall have power to prescribe and enforce reasonable rules for safety regulations on the premises of its members, subject, however, to the approval of the Commissioner of Labor, and for that purpose, its inspectors shall have free access to all such premises during regular working hours.
8 V.S.A. § 4368
2021 Vermont Statutes|Title 8 - Banking and Insurance|Chapter 117 - Workers' Compensation Insurance|§ 4368. Premium rates

§ 4368. Premium rates|Such association shall have power to determine the premium rates for each occupation or risk insured by it and to prescribe rates of cash premiums sufficient to cover losses incurred and current cost. The premium rate on each policy shall prevail for a full year but annually may be changed by the directors. The current cost herein specified shall be such an amount as is sufficient to cover the losses and expenses incurred and a premium reserve equal to 50 percent of all premiums and assessments levied or paid.
8 V.S.A. § 4369
2021 Vermont Statutes|Title 8 - Banking and Insurance|Chapter 117 - Workers' Compensation Insurance|§ 4369. Reserve requirements

§ 4369. Reserve requirements|Members of such association shall be required to pay yearly in advance cash premiums and in addition thereto an amount in negotiable notes or cash sufficient to maintain a reserve equal to that required of other companies doing the same class of business. Notes shall be payable in whole or in part on the vote of the directors of the association as such payments may be required to meet estimated losses or expenses in excess of the current cost and to meet claims covering losses not payable within the same fiscal year within which the claim originated. The directors may fix rates of interest on either notes or balances.
8 V.S.A. § 4370
2021 Vermont Statutes|Title 8 - Banking and Insurance|Chapter 117 - Workers' Compensation Insurance|§ 4370. Assessments

§ 4370. Assessments|If an association has not sufficient funds for the payment of losses incurred, reserves and expenses, it shall make an assessment for the amount needed to pay such losses, reserves and expenses upon the members in proportion to their several payrolls and rates.
8 V.S.A. § 4371
2021 Vermont Statutes|Title 8 - Banking and Insurance|Chapter 117 - Workers' Compensation Insurance|§ 4371. Investments

§ 4371. Investments|The funds of such association shall be invested by the directors in the same class of securities in which the funds of insurance companies may be lawfully invested.
8 V.S.A. § 4372
2021 Vermont Statutes|Title 8 - Banking and Insurance|Chapter 117 - Workers' Compensation Insurance|§ 4372. Approval of premiums, liabilities, assessments, and dividends

§ 4372. Approval of premiums, liabilities, assessments, and dividends|Such association, subject to the approval of the Commissioner, may determine the premiums, contingent liabilities, assessments, penalties and dividends of its members and enforce or administer the same.
8 V.S.A. § 4373
2021 Vermont Statutes|Title 8 - Banking and Insurance|Chapter 117 - Workers' Compensation Insurance|§ 4373. Bylaws and regulations

§ 4373. Bylaws and regulations|It may also make and amend bylaws or regulations consistent with its certificate of incorporation, for the prompt, economical and safe conduct of its affairs. All bylaws and regulations of such association except safety rules made under the provisions of section 4367 of this title shall be filed with the Commissioner and shall be subject to his or her approval.
8 V.S.A. § 4374
2021 Vermont Statutes|Title 8 - Banking and Insurance|Chapter 117 - Workers' Compensation Insurance|§ 4374. Appeals to Supreme Court

§ 4374. Appeals to Supreme Court|An association may appeal to the Supreme Court from a decision or order of the Commissioner affecting such association.
8 V.S.A. § 4460
2021 Vermont Statutes|Title 8 - Banking and Insurance|Chapter 121 - Fraternal Benefit Societies|§ 4460. Statutory purposes

§ 4460. Statutory purposes|The statutory purpose of the exemption for fraternal societies in section 4500 of this title is to support benevolent societies that provide benefits to members and to the community. (Added 2013, No. 200 (Adj. Sess.), § 18.)
8 V.S.A. § 4461
2021 Vermont Statutes|Title 8 - Banking and Insurance|Chapter 121 - Fraternal Benefit Societies|§ 4461. Fraternal benefit societies defined

§ 4461. Fraternal benefit societies defined|(a) Any incorporated society, order, or supreme lodge, without capital stock, including one exempted under the provisions of subdivision 4502(a)(2) of this title, whether incorporated or not, conducted solely for the benefit of its members and their beneficiaries and not for profit, operated on a lodge system with ritualistic form of work, having a representative form of government, and which makes provision for the payment of benefits in accordance with this chapter, is hereby declared to be a fraternal benefit society.(b) As used in this chapter, the word "society," unless the context clearly indicates the contrary, refers to a fraternal benefit society. (1959, No. 197, § 1, eff. Nov. 22, 1959.)
8 V.S.A. § 4462
2021 Vermont Statutes|Title 8 - Banking and Insurance|Chapter 121 - Fraternal Benefit Societies|§ 4462. Lodge system defined

§ 4462. Lodge system defined|A society having a supreme legislative or governing body and subordinate lodges or branches by whatever name known, into which members are elected, initiated or admitted in accordance with its constitutions, laws, ritual, and rules, which subordinate lodges or branches shall be required by the laws of the society to hold regular meetings, shall be deemed to be operating on the lodge system. (1959, No. 197, § 2, eff. Nov. 22, 1959.)
8 V.S.A. § 4463
2021 Vermont Statutes|Title 8 - Banking and Insurance|Chapter 121 - Fraternal Benefit Societies|§ 4463. Representative form of government defined

§ 4463. Representative form of government defined|A society shall be deemed to have a representative form of government when:  (1) it provides in its constitution or laws for a supreme legislative or governing body, composed of representatives elected either by the members or by delegates elected directly or indirectly by the members, together with such other members of the body as may be prescribed by the society's constitution and laws; (2) the representatives elected constitute a majority in number and have not less than two-thirds of the votes nor less than the votes required to amend its constitution and laws; (3) the meetings of the supreme legislative or governing body and the election of officers, representatives or delegates are held as often as once in four calendar years; (4) each insured member is eligible for election to act or serve as a delegate to the meeting; (5) the society has a board of directors charged with the responsibility for managing its affairs in the interim between meetings of its supreme legislative or governing body, subject to control by the body and having powers and duties delegated to it in the constitution or laws of the society; (6) the board of directors is elected by the supreme legislative or governing body, except in case of filling a vacancy in the interim between meetings of the body; (7) the officers are elected either by the supreme legislative or governing body or by the board of directors; and (8) the members, officers, representatives, or delegates may not vote by proxy. (1959, No. 197, § 3, eff. Nov. 22, 1959.)
8 V.S.A. § 4465
2021 Vermont Statutes|Title 8 - Banking and Insurance|Chapter 121 - Fraternal Benefit Societies|§ 4465. Corporate powers retained

§ 4465. Corporate powers retained|Any incorporated society authorized to transact business in this State on November 22, 1959 may thereafter exercise all the rights, powers, and privileges prescribed in this chapter and in its charter or articles of incorporation as far as consistent with this chapter. A domestic society shall not be required to reincorporate. (1959, No. 197, § 5, eff. Nov. 22, 1959.)
8 V.S.A. § 4466
2021 Vermont Statutes|Title 8 - Banking and Insurance|Chapter 121 - Fraternal Benefit Societies|§ 4466. Existing voluntary associations; may incorporate

§ 4466. Existing voluntary associations; may incorporate|(a) After one year from November 22, 1959, no unincorporated or voluntary association shall be permitted to transact business in this State as a fraternal benefit society.(b) Any domestic voluntary association now authorized to transact business in this State may incorporate and shall receive from the Commissioner of Financial Regulation a permanent certificate of incorporation as a fraternal benefit society when:  (1) it has completed its conversion to an incorporated society not later than one year from November 22, 1959; (2) it has filed its articles of incorporation and has satisfied the other requirements described in section 4464 of this title; and (3) the Commissioner of Financial Regulation has made such examination and procured whatever additional information he or she believes advisable.   (c) Every voluntary association so incorporated shall incur the obligations and enjoy the benefits thereof the same as though originally incorporated, and the corporation shall be deemed a continuation of the original voluntary association. The officers thereof shall serve through their respective terms as provided in its original articles of association, but their successors shall be elected and serve as provided in its articles of incorporation. Incorporation of a voluntary association shall not affect existing suits, claims, or contracts. (Added 1959, No. 197, § 6, eff. Nov. 22, 1959; amended 1989, No. 225 (Adj. Sess.), § 25; 1995, No. 180 (Adj. Sess.), § 38; 2011, No. 78 (Adj. Sess.), § 2, eff. April 2, 2012.)
8 V.S.A. § 4467
2021 Vermont Statutes|Title 8 - Banking and Insurance|Chapter 121 - Fraternal Benefit Societies|§ 4467. Location of office; place of meeting

§ 4467. Location of office; place of meeting|The principal office of any domestic society shall be located in this State. The meetings of its supreme legislative or governing body may be held in any state, district, province, or territory wherein the society has at least five subordinate branches and all business transacted at the meetings shall be as valid in all respects as if the meetings were held in this State. (1959, No. 197, § 7, eff. Nov. 22, 1959.)
8 V.S.A. § 4469
2021 Vermont Statutes|Title 8 - Banking and Insurance|Chapter 121 - Fraternal Benefit Societies|§ 4469. Conversion of fraternal benefit society into mutual life insurance company

§ 4469. Conversion of fraternal benefit society into mutual life insurance company|Any domestic fraternal benefit society may be converted and licensed as a mutual life insurance company by compliance with all the requirements of sections 3366, 3423-3425, 3701-3711 of this title, if such plan of conversion is approved by the Commissioner of Financial Regulation. The plan shall be prepared in writing setting forth in full the terms and conditions thereof. The board of directors shall submit the plan to the supreme legislative or governing body of the society at any regular or special meeting thereof, by giving a full, true, and complete copy of the plan with the notice of the meeting. The notice shall be given as provided in the laws of the society for the convocation of a regular or special meeting of the body, as the case may be. The affirmative vote of two-thirds of all members of the body shall be necessary for the approval of the agreement. No conversion may take effect until approved by the Commissioner of Financial Regulation who may give the approval if he or she finds that the proposed change is in conformity with law and not prejudicial to the certificate holders of the society. (Added 1959, No. 197, § 9, eff. Nov. 22, 1959; amended 1989, No. 225 (Adj. Sess.), § 25(b); 1995, No. 180 (Adj. Sess.), § 38(a); 2011, No. 78 (Adj. Sess.), § 2, eff. April 2, 2012.)
8 V.S.A. § 4470
2021 Vermont Statutes|Title 8 - Banking and Insurance|Chapter 121 - Fraternal Benefit Societies|§ 4470. Qualifications for membership

§ 4470. Qualifications for membership|(a) A society may admit to benefit membership any person not less than 15 years of age, at his or her nearest birthday, who has furnished evidence of insurability acceptable to the society. A member who applies for additional benefits more than six months after becoming a benefit member shall furnish additional evidence of insurability acceptable to the society.(b) A person admitted before becoming 18 years of age shall be bound by the terms of the application and certificate and by all the laws and rules of the society and shall be entitled to all the rights and privileges of membership therein to the same extent as though the age of majority had been reached at the time of application. A society may also admit general or social members who shall have no voice or vote in the management of its insurance affairs. (1959, No. 197, § 10, eff. Nov. 22, 1959.)