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.
(Cite as: 8 V.S.A. § 4496)
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§ 4496. Examination of foreign and alien societies
The Commissioner of Financial Regulation, or any person whom he or she may appoint,
may examine any foreign or alien society transacting or applying for admission to
transact business in this State. He or she may employ assistants, and he or she, or
any person he or she may appoint, shall have free access to all books, papers, and
documents that relate to the business of the society. He or she may in his or her
discretion accept, in lieu of the examination, the examination of the insurance department
of the state, territory, district, province, or country where the society is organized.
The compensation and actual expenses of the examiners making any examination or general
or special valuation shall be paid by the society examined or by the society whose
certificate obligations have been valued, upon statements furnished by the Commissioner
of Financial Regulation. (Added 1959, No. 197, § 36, eff. Nov. 22, 1959; amended 1989, No. 225 (Adj. Sess.), § 25(b); 1995, No. 180 (Adj. Sess.), § 38(a); 2011, No. 78 (Adj. Sess.), § 2, eff. April 2, 2012.)