§ 4820. Examination authority
(a) The acts of the managing general agent are considered to be the acts of the insurer on whose behalf it is acting. A managing general agent may be examined as if it were the insurer.
(b) A reinsurance intermediary shall be subject to examination by the Commissioner. The Commissioner shall have reasonable access to all books, bank accounts, and records of the reinsurance intermediary in a form usable to the Commissioner.
(c) A reinsurance intermediary-manager may be examined as if it were the reinsurer. (Added 1991, No. 249 (Adj. Sess.), § 18, eff. Jan. 1, 1993.)
Structure Vermont Statutes
Title 8 - Banking and Insurance
Chapter 131 - Licensing Requirements
§ 4793. General license requirements
§ 4796. Commissions; payment; acceptance
§ 4804. License denial; nonrenewal; or termination causes
§ 4806. Suspension, revocation, or termination of license
§ 4807. Surplus lines insurance broker
§ 4808. Representative of fraternal benefit societies
§ 4813d. Exceptions to licensing
§ 4813e. Application for examination
§ 4813f. Application for license
§ 4813h. Nonresident licensing
§ 4813i. Exemption from examination
§ 4813m. Notification to Commissioner of termination
§ 4816. Applicability of subchapter to controlling producers
§ 4819. Duties of insurers and reinsurers
§ 4821. Maintenance of books and records
§ 4823. Other requirements of managing general agents and reinsurance intermediaries