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. § 7005)
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§ 7005. Books and records
(a) Every insurance premium finance company shall maintain complete and accurate records
of each of its insurance premium finance transactions and these records shall be open
to examination and investigation by the Commissioner. The Commissioner may at any
time during regular business hours examine such records at any location at which such
records are maintained. The reasonable and necessary expenses for the examination
and investigation, as determined by the Commissioner, shall be paid by the insurance
premium finance company.
(b) Every insurance premium finance company shall preserve its records of such insurance
premium finance transactions, including cards used in a card system, if any, for at
least two years after making the final entry in respect to any insurance premium finance
agreement. The preservation of records in photographic, microfilm, microfiche, computer,
or data processing form shall constitute compliance with this requirement. (Added 1983, No. 77, § 1.)