Vt. Stat. tit. 8 § 4841

Current through L. 2024, c. 185.

Section 4841 - Deposit in lieu of bond

In lieu of the bond required under section 4840 of this title, the attorney may maintain on deposit in the office of the Commissioner, subject to the same conditions as the bond, a like amount in:

(1) cash;

(2) securities qualified as insurer investments; or

(3) a letter of credit issued for the benefit of and acceptable to the Commissioner.

8 V.S.A. § 4841

Added 1971, No. 31, § 1, eff. 3/31/1971; amended 1997, No. 49, § 5, eff. 6/26/1997; 2003, No. 55, § 3.