Expenses of director's participation in supervisory college.

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58-5A-79. Expenses of director's participation in supervisory college.

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.

Source: SL 2015, ch 246, §20.


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