RSA 383-C:14-1401 Regular Examination.

I. Subject to RSA 383-C:14-1402, the commissioner shall examine the condition and management of a trust company every 18 months, or more often when necessary in his or her judgment.
II. For trust companies that qualify under paragraph III, the commissioner may alternate every 18 months between conducting an examination of the entity and either waiving one examination, or accepting the examination report of a federal or state regulator or group of regulators with authority to conduct a similar type of examination of the entity.
III. A trust company qualifies for examination treatment under paragraph II if:
(a) It has consistently been given high ratings in past exams.
(b) It is not currently subject to an enforcement proceeding or order.
(c) The commissi