Vermont § 7005 - Books and records

Full text of Vermont Vermont Statutes Online § 7005 — Books and records, with citation guidance and answers to common questions.

§ 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.)

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Frequently Asked Questions About Vermont § 7005

What does Vermont Statutes Online § 7005 cover?

Section 7005 ("Books and records") 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 § 7005?

A common citation format is "Vermont Statutes Online § 7005" (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 § 7005 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.