RSA 383-C:14-1402 Exemption from Regular Examination.

(a) A trust company may apply for an exemption from one regular examination under RSA 383-C:14-1401 by filing with the commissioner an application for exemption.
(b) In accordance with RSA 383-A:6-604, the commissioner shall make a determination as to whether the trust company qualifies for a conditional exemption from examination.
(c) A trust company qualifies for a conditional exemption from examination if:
(1) The commissioner has deemed the application for exemption substantially complete under RSA 383-A:6-603 no sooner than 12 months and no later than 15 months after the date the commissioner signs the most recent report of examination;
(2) The trust company has received high ratings in each of its 2 most recent prior examinations;
(3) The trust co