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
002
:
REGULATION OF MANAGING GENERAL AGENTS, REINSURANCE INTERMEDIARIES, AND PRODUCER-CONTROLLED INSURERS
(Cite as: 8 V.S.A. § 4820)
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§ 4820. Examination authority
(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. (Added 1991, No. 249 (Adj. Sess.), § 18, eff. Jan. 1, 1993.)