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
:
GENERAL PROVISIONS
(Cite as: 8 V.S.A. § 6008)
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§ 6008. Examinations and investigations
(a) Whenever the Commissioner determines it to be prudent, but not less frequently than
once every five years, the Commissioner shall personally, or by some competent person
appointed by the Commissioner, inspect and examine each captive insurance company
to ascertain its financial condition, its ability to fulfill its obligations, and
whether it has complied with the provisions of this chapter. The expenses and charges
of the examination shall be paid to the State by the company or companies examined.
(b) The provisions of section 3576 of this title shall apply to examinations conducted under this section.
(c) Subdivision 6002(c)(3) of this title shall apply to all examination reports, preliminary examination reports or results,
working 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 1981, No. 28; amended 1983, No. 195 (Adj. Sess.), § 5(b); 1993, No. 235 (Adj. Sess.), § 9g, eff. June 21, 1994; 1997, No. 49, § 13, eff. June 26, 1997; 1999, No. 38, § 10, eff. May 20, 1999; 2003, No. 55, § 7; 2003, No. 105 (Adj. Sess.), § 8; 2019, No. 3, § 3, eff. April 18, 2019; 2023, No. 110 (Adj. Sess.), § 9, eff. July 1, 2024.)