Vermont § 4726 - Power of Commissioner; enforcement
Full text of Vermont Vermont Statutes Online § 4726 — Power of Commissioner; enforcement, with citation guidance and answers to common questions.
§ 4726. Power of Commissioner; enforcement
- (a) The Commissioner shall have the power to examine and investigate any person engaged
in the business of insurance in this State in order to determine whether that person
has been or is engaged in any unfair method of competition or in any unfair or deceptive
act or practice. (b) Any person violating any of the provisions of this chapter may be subject to an administrative
penalty of not more than $1,000.00 for each violation. The Commissioner may impose
an administrative penalty of not more than $10,000.00 each for those violations the
Commissioner finds were willful. The Commissioner may suspend or revoke the license
of any insurer or organization for any violation of this chapter or the failure to
comply with an order of the Commissioner issued under this chapter. (c) The powers vested in the Commissioner by this chapter shall be in addition to any
other powers to enforce any penalties, fines, or forfeitures authorized by law with
respect to the methods, acts, and practices hereby declared to be unfair or deceptive. (Amended 1973, No. 216 (Adj. Sess.), § 6, eff. May 1, 1974; 1979, No. 28 § 6; 1995, No. 167 (Adj. Sess.), § 19, eff. May 15, 1996; 2021, No. 105 (Adj. Sess.), § 225, eff. July 1, 2022.)
Source: official Vermont text · Last verified 2026-08-27
Frequently Asked Questions About Vermont § 4726
What does Vermont Statutes Online § 4726 cover?
Section 4726 ("Power of Commissioner; enforcement") 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 § 4726?
A common citation format is "Vermont Statutes Online § 4726" (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 § 4726 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.