Vermont § 8101 - Report of material transactions required

§ 8101. Report of material transactions required

• (a) Every insurer domiciled in this State shall file a report with the Commissioner disclosing
  material acquisitions and dispositions of assets or material nonrenewals, cancellations,
  or revisions of ceded reinsurance agreements unless such acquisitions and dispositions
  of assets or material nonrenewals, cancellations, or revisions of ceded reinsurance
  agreements have been submitted to the Commissioner for review, approval, or information
  purposes by the insurer pursuant to other provisions of the insurance laws, regulations,
  or other requirements. (b) The report required in subsection (a) of this section shall be filed within 15 days
  of the end of the calendar month in which the transaction occurs. (c) One complete copy of the report, including any exhibits or other attachments filed
  as part thereof, shall be filed with the department and with the National Association
  of Insurance Commissioners. (d) All reports obtained by or disclosed to the Commissioner under this chapter shall
  be confidential and shall not be subject to subpoena nor made public by the Commissioner,
  the National Association of Insurance Commissioners, or any other person, except to
  the insurance departments of other states, without the prior written consent of the
  insurer to which it pertains, unless the Commissioner, after the insurer has had notice
  and an opportunity to be heard, determines that the interest of policyholders, shareholders,
  or the public will be served by the publication thereof, in which event the Commissioner
  may publish all or any part thereof in such manner as he or she may deem appropriate. (Added 1993, No. 235 (Adj. Sess.), § 6, eff. June 21, 1994.)