2019-2020 Session
Change SessionS.255 (Act 110)
An act relating to captive insurance
Sen. Ann Cummings
6/16/2020 - Senate Message, Signed by Governor June 15, 2020
- Sponsor(s)
- Last Recorded Action
- House 6/16/2020 - Senate Message, Signed by Governor June 15, 2020
Bill/Resolution Text
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An act relating to captive insurance
Detailed Status
Regular Session 2019-2020
| Body | Date | Journal | Calendar | Location | Full Status |
|---|
An act relating to captive insurance
Roll Call History
Regular Session 2019-2020
| Body | Date | Journal | Location | Full Status |
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Although procedurally bills and resolutions are assigned to only one committee at a time, other committees may review the bill or resolution. This page contains results from both the assigned committee as well as other committees.
An act relating to captive insurance
Committee Meetings
Regular Session 2019-2020
| Meeting Date | Committee |
|---|
An act relating to captive insurance
Meeting Full List
Regular Session 2019-2020
Wednesday, January 22, 2020
- Committee(s):
- Senate Committee on Finance
- 2:30 PM
-
S.255 - An act relating to captive insurance
Update on Captives and Walk-through of Bill
Richard Smith, President, Vermont Captive Insurance Association
Ian Davis, Director of Financial Services, Agency of Commerce and Community Development
David Provost, Deputy Commissioner, Captive Insurance Division, Department of Financial Regulation
Thursday, January 23, 2020
- Committee(s):
- Senate Committee on Finance
- 3:50 PM
-
S.255 - An act relating to captive insurance
Committee Discussion and Possible Vote
Michael Fisher, Chief Health Care Advocate, Office of the Health Care Advocate, Vermont Legal Aid
David Provost, Deputy Commissioner, Captive Insurance Division, Department of Financial Regulation
Tuesday, March 24, 2020
- Committee(s):
- House Committee on Commerce and Economic Development
- 2:30 PM
-
S.255 - An act relating to captive insurance
David Provost, Deputy Commissioner, Captive Insurance Division, Department of Financial Regulation
Richard Smith, President, Vermont Captive Insurance Association
James Feehan, Lobbyist, Captive Insurance
Wednesday, March 25, 2020
- Committee(s):
- House Committee on Commerce and Economic Development
- 10:30 AM
-
S.255 - An act relating to captive insurance
Committee Discussion.
Maria Royle, Legislative Counsel, Office of Legislative Counsel
Thursday, May 14, 2020
- Committee(s):
- House Committee on Commerce and Economic Development
- 12:30 PM
-
S.255 - An act relating to captive insurance
Vote
Maria Royle, Legislative Counsel, Office of Legislative Counsel
Richard Smith, President, Vermont Captive Insurance Association
David Provost, Deputy Commissioner, Captive Insurance Division, Department of Financial Regulation
Wednesday, May 27, 2020
- Committee(s):
- Senate Committee on Finance
- 3:45 PM
-
S.255 - An act relating to captive insurance
House Proposal of Amendment
Maria Royle, Legislative Counsel, Office of Legislative Counsel
David Provost, Deputy Commissioner, Captive Insurance Division, Department of Financial Regulation
Committee Documents
An act relating to captive insurance
Witnesses Who Testified
Regular Session 2019-2020
House Committee on Commerce and Economic Development
- James Feehan, Lobbyist, Captive Insurance
- David Provost, Deputy Commissioner, Captive Insurance Division, Department of Financial Regulation
- Maria Royle, Legislative Counsel, Office of Legislative Counsel
- Richard Smith, President, Vermont Captive Insurance Association
Senate Committee on Finance
- Ian Davis, Director of Financial Services, Agency of Commerce and Community Development
- Michael Fisher, Chief Health Care Advocate, Office of the Health Care Advocate, Vermont Legal Aid
- David Provost, Deputy Commissioner, Captive Insurance Division, Department of Financial Regulation
- Maria Royle, Legislative Counsel, Office of Legislative Counsel
- Richard Smith, President, Vermont Captive Insurance Association
Fiscal notes and materials available on this web page are provided for informational purposes only, and may not comprise all materials received by the Vermont Legislature or the final fiscal information related to a specific bill. The Legislature is not responsible for the accuracy of any information in these materials, and their posting does not constitute approval or endorsement by the Legislature.
No fiscal documents found for S.255 in the Regular Session 2019-2020.
No committee of conference members found for S.255 in the Regular Session 2019-2020.
An act relating to captive insurance
Committee of Conference Meetings
Regular Session 2019-2020
| Meeting Date | Committee |
|---|
An act relating to captive insurance
Committee of Conference Meeting Full List
Regular Session 2019-2020
No committee of conference meeting history found for S.255 in the Regular Session 2019-2020.
No committee of conference report found for S.255 in the Regular Session 2019-2020.
Act
- Signed into law 6/15/2020
- As Enacted (ACT 110)
- Act Summary
An act relating to captive insurance
Statutes Affected
Regular Session 2019-2020
| Statute |
|---|
| 8 V.S.A. § 6002. Licensing; authority |
| 8 V.S.A. § 6004. Minimum capital and surplus; letter of credit |
| 8 V.S.A. § 6006. Formation of captive insurance companies in this State |
| 8 V.S.A. § 6010. Legal investments |
| 8 V.S.A. § 6018. Delinquency |
| 8 V.S.A. § 6024. Dormant captive insurance companies |
| 8 V.S.A. § 6034. Protected cells |
| 8 V.S.A. § 6034a. Incorporated protected cells |
| 8 V.S.A. § 6034b. Separate accounts of protected cells |
| 8 V.S.A. § 6034c. Protected cell conversion |
| 8 V.S.A. § 6034d. Sale, transfer, or assignment of protected cells |
| 8 V.S.A. § 6034e. Repealed. 2021, No. 25, § 25, eff. May 12, 2021. |
| 8 V.S.A. § 6037. Investments by sponsored captive insurance companies and protected cells |
| 8 V.S.A. § 6049b. Definitions |
| 8 V.S.A. § 6052. Risk retention groups chartered in this State |
