Vermont Statutes Title 8 Sec. 4987
Terms Used In Vermont Statutes Title 8 Sec. 4987
- Association: means a joint underwriting association established pursuant to this chapter. See
- Commissioner: means the Commissioner of Financial Regulation or a designee. See
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Month: shall mean a calendar month and "year" shall mean a calendar year and be equivalent to the expression "year of our Lord. See
- Plan: means the plan of operation of the association approved or proposed by the Commissioner pursuant to this chapter. See
§ 4987. Annual statements
Each association shall adopt a fiscal year beginning on October 1 and shall file in the office of the Commissioner on or before the 15th day of November each year, or such other month specified in the plan, a statement as prescribed by the Commissioner. The statement shall contain matters and information required by the Commissioner including information with respect to its transactions, condition, operations, and affairs during the preceding year, and shall be in a form approved by the Commissioner. The Commissioner may, at any time, require an association to furnish additional information with respect to matters considered to be material to the scope, operation, and experience of the association. (Added 1985, No. 265 (Adj. Sess.), § 4, eff. June 4, 1986.)