The Vermont Statutes Online
The Statutes below include the actions of the 2025 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
Subchapter
001
:
FORMATION
(Cite as: 8 V.S.A. § 3315)
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§ 3315. Coordinated regulation
Notwithstanding section 5112 of this title and any other provision of this title, the Commissioner may cooperate and coordinate
with the insurance supervisory authorities of other states or through the facilities
or subsidiaries of a national organization that facilitate regulatory efficiency and
cooperation on a nationwide basis. The areas of cooperation and coordination contemplated
by this section include the following: solvency oversight; company and producer licensing,
appointment, and discipline; rate and forms review and approval; and investigation
and examination of persons subject to the insurance laws of this State. The Commissioner
may enter into agreements or contracts concerning the coordination and cooperation
contemplated by this section with such other state or organization. The Commissioner
may adopt, by rule, any uniform standards or procedures as are necessary to fully
implement cooperative and coordinated supervision of the business of insurance. In
the event of conflict between this provision and other pertinent provisions of parts
3 and 4 of this title, the Commissioner may elect that this provision prevail, if
the Commissioner deems that such election is in the best interests of the State. (Added 2001, No. 71, § 3, eff. June 16, 2001.)