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Results for content tagged as Vermont

1.

May 6, 2016 - Vermont will not accept "non-cumulation" clauses in filings of occurrence-based liability coverage, according to a recent bulletin from the state's insurance division. As described in the bulletin, non-cumulation provisions or endorsements seek to limit an insurer's liability when multiple policies issued by the same company or its affiliates apply to a loss that occurs continuously over several policy periods. Typically, non-cumulation clauses seek to limit a carrier's liability for related c...

2.

Sep 8, 2015 - ... Vermont Department of Financial Regulation has adopted a regulation that allows any insurance notice required under law to be delivered electronically as long as it meets the requirements of...

3.

Jun 29, 2015 - ... a price increase a policyholder will tolerate before shopping for coverage or switching to another insurer. The bulletin does not expressly ban the use of such factors, but warns insurers that Vermont law requires that "base rates and rating classes must be based on factors specifically related to an insurer's expected losses and expenses." The bulletin is addressed to the use...

4.

Sep 1, 2009 - ... extend coverage to partners in a legally recognized civil union or domestic partnership. Those states are: California, Connecticut, Nevada, New Hampshire, New Jersey, Oregon, Vermont, and Washington. In addition, Hawaii and Vermont allow same- or opposite-sex partners who are blood relations to register as "reciprocal beneficiaries;" Rhode Island is considering a bill to legalize reciprocal beneficiary agreements. Under such agreement, beneficiaries...

5.

Dec 1, 2008 - ... OWBs has led to greater public control of the risk. The following limitations on where units can be operated have been implemented or introduced: Connecticut, Maine, and Vermont have enacted laws limiting emissions of OWBs and restricting where the units can be operated; Similar legislation has been proposed in other states; ...

6.

Jun 1, 2006 - ... founded under the auspices of a trade association: local governments, health care, and manufacturing, for the most part. Since 1990s, hundreds of highly specialized corporation-sponsored insurance ventures have been created. In Vermont alone - by far the largest domestic captive base - there are over 700 specialty insurance companies. These can be founded by a single corporate sponsor or by...

7.

Sep 1, 2005 - ... repercussions than moves to grant a legal status similar to marriage to cohabitation arrangements, especially when the partners are of the same sex. AAIS acted in 2000 to comply with a Vermont law requiring all insurance policies offered to married couples, spouses, and their families be available to people who had entered into "civil unions" allowed in that state. A mandatory...