# VT Insurance Bulletin #51: Consent to Rate > Vermont · Agency guidance · In force URL: https://www.frixlaw.com/law-library/statutes/VT_INS_B_51_19800616 ## Section - **Citation:** VT Insurance Bulletin #51 - **Heading:** Consent to Rate - **Jurisdiction:** Vermont - **Kind:** Agency guidance - **Status:** In force - **Text as of:** August 14, 2026 - **Source:** Compiled text - **Location:** Vermont DFR Insurance Bulletins / Consent to Rate ## Text Vermont Insurance Division BULLETIN 51: Consent to Rate June 16, 1980 The 1980 session of the Vermont legislature passed and Governor Snelling signed into law, House Bill 639.This law is commonly known as consent to rate. It sets up a procedure whereby a risk which is not acceptable at filed rates may be written at rates above those filed. This may apply on a risk basis or on a coverage basis. This technique may be applied on a coverage basis to those risks which are acceptable generally. For example, a businessman wants to purchase fire, EC and V & MM on his place of business. The risk is acceptable as standard business except for the vandalism. The vandalism coverage may be consent rated. This rating technique also may be used to eliminate unacceptable exposures from policies which are otherwise acceptable at standard rates. For example, a customer wants a homeowners policy written on his home and outbuildings. The risk is acceptable except for one outbuilding. The unacceptable outbuilding may be eliminated from the policy and the policy written at standard rates. The consent to rate form may be filed by the insurer or its agent with the approval of the insurer. The agreement to allow an agent to file the consent to rate form need not be in writing. The rate or restriction in coverage becomes effective the date the consent to rate form is received by this Department. If some future date is indicated on the form, this date will be the effective date. We will not require any specific format but will require certain basic information. The consent to rate form must be signed by the insured and shall contain the following: Name of Insured Address Description of Risk Effective Date Manual Premium Premium Charged Under Consent to Rate Reason for Higher Rate Description of Exposure or Coverage Eliminated Insured's Signature ffective date. We will not require any specific format but will require certain basic information. The consent to rate form must be signed by the insured and shall contain the following: Name of Insured Address Description of Risk Effective Date Manual Premium Premium Charged Under Consent to Rate Reason for Higher Rate Description of Exposure or Coverage Eliminated Insured's Signature If the consent to rate technique is used to derive a premium on a risk eligible for coverage under some risk sharing plan, such as the Vermont Automobile Insurance Plan, there must be a statement on the form to advise the insured that he is eligible for coverage under that plan. The premium rate under such a risk sharing plan shall be shown on the consent to rate form. George M.Chaffee COMMISSIONER OF BANKING AND INSURANCE ## Nearby sections - [VT Insurance Bulletin #22 Proper Identification by Insurance Producers](https://www.frixlaw.com/law-library/statutes/VT_INS_B_22_19741220.md) - [VT Insurance Bulletin #30 WITHDRAWN - Legal Actions Involving Other Insurance Departments](https://www.frixlaw.com/law-library/statutes/VT_INS_B_30_19750319.md) - [VT Insurance Bulletin #43 Criteria for Company Authorization and Application Procedures](https://www.frixlaw.com/law-library/statutes/VT_INS_B_43_20220620.md) - [VT Insurance Bulletin #51 Consent to Rate](https://www.frixlaw.com/law-library/statutes/VT_INS_B_51_19800616.md) - [VT Insurance Bulletin #54 Coverage for Pregnancy and Pregnancy-Related Conditions](https://www.frixlaw.com/law-library/statutes/VT_INS_B_54_19810422.md) - [VT Insurance Bulletin #55 Safe Driver Insurance Plan Surcharges](https://www.frixlaw.com/law-library/statutes/VT_INS_B_55_19940620.md) - [VT Insurance Bulletin #57 State Cooperation - Prosecution of Federal Medigap Law Violations](https://www.frixlaw.com/law-library/statutes/VT_INS_B_57_19820226.md) - [VT Insurance Bulletin #58 Vermont Purchase and Use Tax - Settlement of Auto Total Loss](https://www.frixlaw.com/law-library/statutes/VT_INS_B_58_19820411.md) - [VT Insurance Bulletin #60 Public Act No. 176 - Coverage/Benefits for the Care and Treatment of Alcohol Dependency](https://www.frixlaw.com/law-library/statutes/VT_INS_B_60_19820712.md) - [VT Insurance Bulletin #61 Group Insurance / Trust Agreements](https://www.frixlaw.com/law-library/statutes/VT_INS_B_61_19820909.md) - [VT Insurance Bulletin #62 Life Policy Loans with Adjustable Interest Rates](https://www.frixlaw.com/law-library/statutes/VT_INS_B_62_19830708.md) - [VT Insurance Bulletin #63 Temporomandibular Joint Disorders](https://www.frixlaw.com/law-library/statutes/VT_INS_B_63_19821220.md) - [VT Insurance Bulletin #69 Standard Non-Forfeiture and Valuation Laws for Life Insurance](https://www.frixlaw.com/law-library/statutes/VT_INS_B_69_19830718.md) - [VT Insurance Bulletin #71 Lienholder Interest Coverage Loss Payable Clause Fraud](https://www.frixlaw.com/law-library/statutes/VT_INS_B_71_19830810.md) --- Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/VT_INS_B_51_19800616. Check the current official text before relying on it. Not legal advice.