58-5A-79. Expenses of director's participation in supervisory college.
79 words·~1 min read·
/sd/title-58/chapter-58-5/58-5a-79A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Each registered insurer subject to §§ 58-5A-78 to 58-5A-80 , inclusive, is liable for and shall pay the reasonable expenses of the director's participation in a supervisory college, including reasonable travel expenses. A supervisory college may be convened as either a temporary or permanent forum for communication and cooperation between the regulators charged with the supervision of the insurer or its affiliates, and the director may establish a regular assessment to the insurer for the payment of these expenses.