Vermont § 7117 - Examinations
Full text of Vermont Vermont Statutes Online § 7117 — Examinations, with citation guidance and answers to common questions.
§ 7117. Examinations
- (a) The Commissioner has the authority to order any assuming company to produce any records,
books, and papers in the possession of the assuming company or its affiliates necessary
to ascertain the financial condition or legality of conduct of the assuming company. (b) The Commissioner shall exercise his or her authority under subsection (a) of this
section only if he or she has reason to believe the interests of the assuming company’s
policyholders may be adversely affected under the plan. (c) The Commissioner may retain, at the assuming company’s expense, attorneys, actuaries,
accountants, and other experts not otherwise a part of the Commissioner’s staff reasonably
necessary to assist with an examination under this section. Any persons so retained
shall be under the direction and control of the Commissioner and shall act in a purely
advisory capacity. (d) Each assuming company that produces records, books, and papers for examination under
this section shall pay the expense of such examination. (Added 2013, No. 93 (Adj. Sess.), § 3, eff. Feb. 19, 2014.)
Frequently Asked Questions About Vermont § 7117
What does Vermont Statutes Online § 7117 cover?
Section 7117 ("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 § 7117?
A common citation format is "Vermont Statutes Online § 7117" (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 § 7117 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.