Vermont § 4700 - Examinations
Full text of Vermont Vermont Statutes Online § 4700 — Examinations, with citation guidance and answers to common questions.
§ 4700. Examinations
- (a) The Commissioner or his or her designee shall examine any insurer, pool, advisory
or service organization, or residual market mechanism as he or she deems necessary
to ascertain compliance with this chapter. (b) Every insurer, pool, advisory or service organization, and residual market mechanism
shall maintain reasonable records of the type and kind reasonably adapted to its method
of operation containing its experience, or the experience of its affiliated insurers
including the data, statistics, or information collected or used by it in its activities.
These records shall be available at all reasonable times to enable the Commissioner
to determine whether the activities of any advisory or service organization, insurer,
residual market mechanism, or pool comply with the provisions of this chapter. Such
records shall be maintained in an office within this State or shall be made available
to the Commissioner for examination or inspection at any time. (c) The necessary and reasonable cost of an examination made pursuant to this section
shall be paid by the examined party upon presentation of a detailed account of such
costs. (d) In lieu of any such examination, the Commissioner may accept the report of an examination
made by the insurance supervisory official of another state, pursuant to the laws
of such state. (Added 1983, No. 238 (Adj. Sess.), § 1.)
Frequently Asked Questions About Vermont § 4700
What does Vermont Statutes Online § 4700 cover?
Section 4700 ("Examinations") 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 § 4700?
A common citation format is "Vermont Statutes Online § 4700" (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 § 4700 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.