Vermont § 6033 - Supplemental application materials In addition to the information required by subdivisions 6002

§ 6033. Supplemental application materials In addition to the information required by subdivisions 6002

• (c)(1) and (2) of this
  title, and subject to the confidentiality provisions of subdivision 6002(c)(3) of this title, each applicant-sponsored captive insurance company shall file with the Commissioner
  the following: (1) materials demonstrating how the applicant will account for the loss and expense experience
  of each protected cell at a level of detail found to be sufficient by the Commissioner
  and how it will report such experience to the Commissioner; (2) a statement acknowledging that all financial records of the sponsored captive insurance
  company, including records pertaining to any protected cells, shall be made available
  for inspection or examination by the Commissioner or the Commissioner’s designated
  agent; (3) all contracts or sample contracts between the sponsored captive insurance company
  and any participants; and (4) evidence that expenses shall be allocated to each protected cell in a fair and equitable
  manner. (Added 2003, No. 55, § 9; amended 2023, No. 110 (Adj