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§8504. Meetings and acts of the Commission


Published: 2015

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The Vermont Statutes Online



Title

08

:
Banking and Insurance






Chapter

165

:
INTERSTATE INSURANCE PRODUCT REGULATION COMPACT











 

§

8504. Meetings and acts of the Commission

(a) The

Commission shall meet and take such actions as are consistent with the

provisions of this compact and the bylaws.

(b) Each member

of the Commission shall have the right and power to cast a vote to which that

compacting state is entitled and to participate in the business and affairs of

the Commission. A member shall vote in person or by such other means as

provided in the bylaws. The bylaws may provide for members' participation in

meetings by telephone or other means of communication.

(c) The

Commission shall meet at least once during each calendar year. Additional

meetings shall be held as set forth in the bylaws. (Added 2005, No. 70, § 2.)