GroundRules
8 V.S.A. § 4820: Examination authority
Where this section sits in the code
- Title 8: Banking and Insurance
- Chapter 131: Licensing Requirements
- Subchapter 002: REGULATION OF MANAGING GENERAL AGENTS, REINSURANCE INTERMEDIARIES, AND PRODUCER-CONTROLLED INSURERS
(a) The acts of the managing general agent are considered to be the acts of the insurer on whose behalf it is acting. A managing general agent may be examined as if it were the insurer.
(b) A reinsurance intermediary shall be subject to examination by the Commissioner. The Commissioner shall have reasonable access to all books, bank accounts, and records of the reinsurance intermediary in a form usable to the Commissioner.
(c) A reinsurance intermediary-manager may be examined as if it were the reinsurer.
Collected 2026-09-05T13:52:21Z. Source file · JSON