Vermont § 6074 Examination authority

Vermont Statutes

§ 6074 — Examination authority

Vermont·Title 8 Title 8: Banking and Insurance·Ch. 142A Chapter 142A: Risk Retention Group Managing General Agents, Reinsurance Intermediaries, and Producer Controlled Insurers

(a)The Commissioner may examine the books and records of a managing general agent or any affiliate thereof pertaining to or arising out of transactions with a risk retention group if the Commissioner reasonably believes that such examination is necessary.

(b)Subsection 6052(a) of this title shall apply to all examination reports, work papers, recorded information, documents, and copies thereof produced by, obtained by, or disclosed to the Commissioner or any other person in the course of an examination made under this section. (Added 1993, No. 235 (Adj. Sess.), § 9j, eff. Oct. 1, 1994; amended 2023, No. 110 (Adj. Sess.), § 18, eff. July 1, 2024.)

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(a) The Commissioner may examine the books and records of a managing general agent or any affiliate thereof pertaining to or arising out of transactions with a risk retention group if the Commissioner reasonably believes that such examination is necessary.
(b) Subsection 6052(a) of this title shall apply to all examination reports, work papers, recorded information, documents, and copies thereof produced by, obtained by, or disclosed to the Commissioner or any other person in the course of an examination made under this section. (Added 1993, No. 235 (Adj. Sess.), § 9j, eff. Oct. 1, 1994; amended 2023, No. 110 (Adj. Sess.), § 18, eff. July 1, 2024.)

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