# 8 V.S.A. § 3302: Plan of organization; incorporators

> Vermont · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_VT_T8_C101_S3302

## Section

- **Citation:** 8 V.S.A. § 3302
- **Heading:** Plan of organization; incorporators
- **Jurisdiction:** Vermont
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** VT Code / Title 8 / Chapter 101 / Section 3302

## Text

For the purpose of this chapter, an insurance company may be incorporated as a stock insurer with its capital divided into shares and owned by the stockholders, or a mutual insurer without capital stock the governing body of which is elected by its policyholders. There shall be not less than 15 incorporators of whom not less than two-thirds shall be citizens of this State. Except as provided in sections 4831 through 4856 of this title, no unincorporated association shall be formed after July 1, 1968, for the purpose of doing any insurance business in Vermont. Those domestic unincorporated associations that are doing insurance business of any kind under authority of the Commissioner on July 1, 1968, may continue to carry on their business subject to the provisions of this part.

## Nearby sections

- [8 V.S.A. § 3301 § 3301. Purposes](https://www.frixlaw.com/law-library/statutes/STATE_VT_T8_C101_S3301.md)
- [8 V.S.A. § 3301a § 3301a. Insurance defined](https://www.frixlaw.com/law-library/statutes/STATE_VT_T8_C101_S3301a.md)
- [8 V.S.A. § 3302 § 3302. Plan of organization; incorporators](https://www.frixlaw.com/law-library/statutes/STATE_VT_T8_C101_S3302.md)
- [8 V.S.A. § 3303 § 3303. Mutual companies; directors, charter provisions as to](https://www.frixlaw.com/law-library/statutes/STATE_VT_T8_C101_S3303.md)
- [8 V.S.A. § 3304 § 3304. Capital and surplus requirements](https://www.frixlaw.com/law-library/statutes/STATE_VT_T8_C101_S3304.md)
- [8 V.S.A. § 3305 § 3305. Petition; hearing](https://www.frixlaw.com/law-library/statutes/STATE_VT_T8_C101_S3305.md)
- [8 V.S.A. § 3306 § 3306. Duties of Secretary of State, records](https://www.frixlaw.com/law-library/statutes/STATE_VT_T8_C101_S3306.md)
- [8 V.S.A. § 3307 § 3307. Consideration for stock](https://www.frixlaw.com/law-library/statutes/STATE_VT_T8_C101_S3307.md)
- [8 V.S.A. § 3308 § 3308. List of stockholders; certificate to transact business; liability of president and directors](https://www.frixlaw.com/law-library/statutes/STATE_VT_T8_C101_S3308.md)
- [8 V.S.A. § 3308a § 3308a. Reorganization formations](https://www.frixlaw.com/law-library/statutes/STATE_VT_T8_C101_S3308a.md)
- [8 V.S.A. § 3309 § 3309. Mutual insurers to commence business; when](https://www.frixlaw.com/law-library/statutes/STATE_VT_T8_C101_S3309.md)
- [8 V.S.A. § 3310 § 3310. Amendment of charter](https://www.frixlaw.com/law-library/statutes/STATE_VT_T8_C101_S3310.md)
- [8 V.S.A. § 3311 § 3311. Quorum](https://www.frixlaw.com/law-library/statutes/STATE_VT_T8_C101_S3311.md)
- [8 V.S.A. § 3312 § 3312. Construction with other laws](https://www.frixlaw.com/law-library/statutes/STATE_VT_T8_C101_S3312.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_VT_T8_C101_S3302. Check the current official text before relying on it. Not legal advice.