Vermont § 3575 - Conflict of interest
Full text of Vermont Vermont Statutes Online § 3575 — Conflict of interest, with citation guidance and answers to common questions.
§ 3575. Conflict of interest
- (a) No examiner may be appointed by the Commissioner if such examiner, either directly
or indirectly, has a conflict of interest or is affiliated with the management of
or owns a pecuniary interest in any person subject to examination under this subchapter.
This section shall not be construed to disqualify an examiner who is: (1) a policyholder or claimant under an insurance policy; (2) a grantor of a mortgage or similar instrument on the examiner’s residence to a regulated
entity if done under customary terms and in the ordinary course of business; (3) an investment owner in shares of regulated diversified investment companies; or (4) a settlor or beneficiary of a “blind trust” into which any otherwise impermissible
holdings have been placed. (b) Notwithstanding the requirements of this section, the Commissioner may retain from
time to time, on an individual basis, qualified actuaries, certified public accountants,
or other similar individuals who are independently practicing their professions, even
though said persons may from time to time be similarly employed or retained by persons
subject to examination under this subchapter. (Added 1991, No. 249 (Adj. Sess.), § 7.)
Source: official Vermont text · Last verified 2026-08-27
Frequently Asked Questions About Vermont § 3575
What does Vermont Statutes Online § 3575 cover?
Section 3575 ("Conflict of interest") is part of the Vermont Statutes Online, the codified statutory law of Vermont. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Vermont § 3575?
A common citation format is "Vermont Statutes Online § 3575" (Vermont). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Vermont law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Vermont official source linked on this page or consult a licensed Vermont attorney.
How does Vermont § 3575 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Vermont can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Vermont.