Guide for Civil Union Partners in Vermont Published by the Vermont Department of Banking, Insurance, Securities and Health Care Administration, in collaboration with the Vermont Tax Department
Each year, insurance fraud costs companies and consumers alike tens of billions of dollars. In order to better identify and reduce incidents of insurance fraud - and, most important, protect consumers - the National Association of Insurance Commissioners (NAIC) offers the following tips for identifying and responding to insurance fraud.
In most cases of insurance company insolvency, a safety net in the form of a “guaranty association” provides protection to Vermont’s insurance consumers. Vermont has two such associations: one for property and casualty insurance, and another for life, accident and health insurance (one product class), and annuities.
