Vermont § 7034 - Cooperation of officers, owners, and employees

§ 7034. Cooperation of officers, owners, and employees

• (a) An officer, manager, director, trustee, owner, employee, or agent of any insurer,
  or any other persons with authority over or in charge of any segment of the insurer’s
  affairs, shall cooperate with the Commissioner in any proceeding under this chapter
  or any investigation preliminary to the proceeding. The term “person” as used in this
  section shall include any person who exercises control directly or indirectly over
  activities of the insurer through any holding company or other affiliate of the insurer.
  “To cooperate” shall include the following: (1) to reply promptly in writing to any inquiry from the Commissioner requesting such
  a reply; and (2) to make available to the Commissioner any books, accounts, documents, or other records
  or information or property of or pertaining to the insurer and in his or her possession,
  custody, or control. (b) A person shall not obstruct or interfere with the Commissioner in the conduct of any
  delinquency proceeding or any investigation preliminary or incidental to a delinquency
  proceeding. (c) This section shall not be construed to abridge otherwise existing legal rights, including
  the right to resist a petition for liquidation or other delinquency proceedings, or
  other orders. (d) A person described in subsection (a) of this section who fails to cooperate with the
  Commissioner, or any person who obstructs or interferes with the Commissioner in the
  conduct of any delinquency proceeding or any investigation preliminary or incidental
  to a delinquency proceeding, or who violates any order the Commissioner issued validly
  under this chapter may: (1) be sentenced to pay a fine not exceeding $10,000.00 or to undergo imprisonment for
  a term of not more than one year, or both; or (2) after a hearing, be subject to the imposition by the Commissioner of a civil penalty
  not to exceed $10,000.00 and shall be subject further to the revocation or suspension
  of any insurance licenses issued by the Commissioner. (Added 1991, No. 45, § 2, eff. May 29, 1991.)