2025-2026 Session
Change SessionH.137 (Act 23)
An act relating to the regulation of insurance products and services
Rep. Michael Marcotte
,
Rep. David Bosch , Rep. Emily Carris-Duncan , Rep. Jonathan Cooper , Rep. Abbey Duke , Rep. Edye Graning , Rep. Anthony Micklus , Rep. Herb Olson , Rep. Kirk White
5/20/2025 - House message: Governor approved bill on May 19, 2025
- Sponsor(s)
- Last Recorded Action
- Senate 5/20/2025 - House message: Governor approved bill on May 19, 2025
Bill/Resolution Text
NOTE: to print information that appears on a tab within the bill page, use the Print link on that tab.
An act relating to the regulation of insurance products and services
Detailed Status
Regular Session 2025-2026
| Body | Date | Journal | Calendar | Location | Full Status |
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An act relating to the regulation of insurance products and services
Roll Call History
Regular Session 2025-2026
| 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 the regulation of insurance products and services
Committee Meetings
Regular Session 2025-2026
| Meeting Date | Committee |
|---|
An act relating to the regulation of insurance products and services
Meeting Full List
Regular Session 2025-2026
Wednesday, February 5, 2025
- Committee(s):
- House Committee on Commerce and Economic Development
- 1:00 PM
-
H.137 - An act relating to the regulation of insurance products and services
Walk-Through and Discussion
Maria Royle, Legislative Counsel, Office of Legislative Counsel
Sandy Bigglestone, Acting Commissioner, Department of Financial Regulation
Emily Brown, Deputy Commissioner of Insurance, Department of Financial Regulation
Kevin Mead, President, Vermont Captive Insurance Association
James Feehan, Government Relations Director, Primmer Piper Eggleston & Cramer PC
Wednesday, February 12, 2025
- Committee(s):
- House Committee on Commerce and Economic Development
- 10:05 AM
-
H.137 - An act relating to the regulation of insurance products and services
Amendments
Todd Daloz, Director of Policy and Legislative Affairs, Attorney General's Office
Maria Royle, Legislative Counsel, Office of Legislative Counsel
Chris Rice, Lobbyist, MMR
Robin Imbrogno, Founder and CEO, The Human Resource Consulting Group, LLC
Aaron Ferenc, Deputy Commissioner of Banking, Department of Financial Regulation
David Fifer, Senior Director of Government Affairs, Rocket Mortgage
Emily Brown, Deputy Commissioner of Insurance, Department of Financial Regulation
Sandy Bigglestone, Acting Commissioner, Department of Financial Regulation
Tuesday, February 18, 2025
- Committee(s):
- House Committee on Commerce and Economic Development
- 9:00 AM
-
H.137 - An act relating to the regulation of insurance products and services
Amendments
Jennifer Carbee, Deputy Chief Counsel, Office of Legislative Counsel
Sara Teachout, Director, Government, Public and Media Relations, Blue Cross Blue Shield of Vermont
Emily Brown, Deputy Commissioner of Insurance, Department of Financial Regulation
Chris D'Elia, President, Vermont Bankers' Association
Aaron Ferenc, Deputy Commissioner of Banking, Department of Financial Regulation
Friday, February 21, 2025
- Committee(s):
- House Committee on Commerce and Economic Development
- 10 Minutes After Floor
-
H.137 - An act relating to the regulation of insurance products and services
Amendments
Mike Fisher, Chief Health Care Advocate, Vermont Legal Aid
Tuesday, February 25, 2025
- Committee(s):
- House Committee on Commerce and Economic Development
- 9:00 AM
-
H.137 - An act relating to the regulation of insurance products and services
Mark-up and Possible Vote
Jennifer Carbee, Deputy Chief Counsel, Office of Legislative Counsel
Maria Royle, Legislative Counsel, Office of Legislative Counsel
Mary Block, Director of Insurance Regulation, Department of Financial Regulation
- 2:50 PM
-
H.137 - An act relating to the regulation of insurance products and services
Chris D'Elia, President, Vermont Bankers' Association
Charlie Gliserman, Director of Policy, Vermont Network Against Domestic & Sexual Violence
- 3:45 PM
-
H.137 - An act relating to the regulation of insurance products and services
Discussion and Possible Vote
Maria Royle, Legislative Counsel, Office of Legislative Counsel
Aaron Ferenc, Deputy Commissioner of Banking, Department of Financial Regulation
Heather Shouldice, Lobbyist, Associated General Contractors of Vermont
Larry Lipka, Senior Vice President, General Counsel, CoinFlip
Wednesday, February 26, 2025
- Committee(s):
- House Committee on Health Care
- 9:00 AM
-
H.137 - An act relating to the regulation of insurance products and services
Drive-through
Jennifer Carbee, Deputy Chief Counsel, Office of Legislative Counsel
Sec. A. 8 V.S.A. § 4062b
- 9:20 AM
-
H.137 - An act relating to the regulation of insurance products and services
Review of Bill from House Commerce and Economic Development
Mike Fisher, Chief Health Care Advocate, Vermont Legal Aid
Sara Teachout, Director, Government, Public and Media Relations, Blue Cross Blue Shield of Vermont
Mary Block, Director of Insurance Regulation, Department of Financial Regulation
Rep. Herb Olson, Representative, House Committee on Commerce and Economic Development
- 9:40 AM
-
H.137 - An act relating to the regulation of insurance products and services
Overview and Policy Recommendations
Mike Fisher, Chief Health Care Advocate, Vermont Legal Aid
Friday, February 28, 2025
- Committee(s):
- House Committee on Commerce and Economic Development
- 1:00 PM
-
H.137 - An act relating to the regulation of insurance products and services
Discussion and Straw Poll Vote
Maria Royle, Legislative Counsel, Office of Legislative Counsel
Larry Lipka, Senior Vice President, General Counsel, CoinFlip
Ethan McLaughlin, Assistant General Counsel, Department of Financial Regulation
Aaron Ferenc, Deputy Commissioner of Banking, Department of Financial Regulation
- 3:10 PM
-
H.137 - An act relating to the regulation of insurance products and services
Walk-through and Vote
Maria Royle, Legislative Counsel, Office of Legislative Counsel
Wednesday, March 12, 2025
- Committee(s):
- House Committee on Ways and Means
- 9:00 AM
-
H.137 - An act relating to the regulation of insurance products and services
potential vote
Maria Royle, Legislative Counsel, Office of Legislative Counsel
Ted Barnett, Fiscal Analyst, Joint Fiscal Office
Jennifer Carbee, Deputy Chief Counsel, Office of Legislative Counsel
Nolan Langweil, Principal Fiscal Analyst, Joint Fiscal Office
Rep. Kirk White, Reporter of the Bill, House Committee on Commerce and Economic Development
Friday, March 28, 2025
- Committee(s):
- Senate Committee on Finance
- 1:30 PM
-
H.137 - An act relating to the regulation of insurance products and services
Walk-through
Maria Royle, Legislative Counsel, Office of Legislative Counsel
Ted Barnett, Fiscal Analyst, Joint Fiscal Office
Thursday, April 3, 2025
- Committee(s):
- Senate Committee on Finance
- 3:15 PM
-
H.137 - An act relating to the regulation of insurance products and services
Testimony
Sandy Bigglestone, Acting Commissioner, Department of Financial Regulation
Emily Brown, Deputy Commissioner of Insurance, Department of Financial Regulation
Aaron Ferenc, Deputy Commissioner of Banking, Department of Financial Regulation
Chris D'Elia, President, Vermont Bankers' Association
Mike Fisher, Chief Health Care Advocate, Vermont Legal Aid
Robin Imbrogno, Independent Payroll Providers Association
David Fifer, Senior Director of Government Affairs, Rocket Mortgage
Friday, April 25, 2025
- Committee(s):
- Senate Committee on Finance
- 1:00 PM
-
H.137 - An act relating to the regulation of insurance products and services
Discussion and possible vote
Maria Royle, Legislative Counsel, Office of Legislative Counsel
Aaron Ferenc, Deputy Commissioner of Banking, Department of Financial Regulation
Larry Lipka, Senior Vice President, General Counsel, CoinFlip
Rep. Rob North
Tuesday, April 29, 2025
- Committee(s):
- Senate Committee on Finance
- 1:30 PM
-
H.137 - An act relating to the regulation of insurance products and services
Walk-through
Maria Royle, Legislative Counsel, Office of Legislative Counsel
- -
-
H.137 - An act relating to the regulation of insurance products and services
Vote
Tuesday, May 6, 2025
- Committee(s):
- House Committee on Commerce and Economic Development
- 9:00 AM
-
H.137 - An act relating to the regulation of insurance products and services
Maria Royle, Legislative Counsel, Office of Legislative Counsel
Chris D'Elia, President, Vermont Bankers' Association
Aaron Ferenc, Deputy Commissioner of Banking, Department of Financial Regulation
Kaj Samsom, Commissioner, Department of Financial Regulation
Joe Valenti, Director of Policy, Department of Financial Regulation
Larry Lipka, Senior Vice President, General Counsel, CoinFlip
- 3:20 PM
-
H.137 - An act relating to the regulation of insurance products and services
Discussion and Straw-poll Vote
Aaron Ferenc, Deputy Commissioner of Banking, Department of Financial Regulation
Larry Lipka, Senior Vice President, General Counsel, CoinFlip
Colin Hilliard, Associate State Director - Advocacy and Outreach, AARP VT
Committee Documents
An act relating to the regulation of insurance products and services
Witnesses Who Testified
Regular Session 2025-2026
House Committee on Commerce and Economic Development
- Sandy Bigglestone, Acting Commissioner, Department of Financial Regulation
- Mary Block, Director of Insurance Regulation, Department of Financial Regulation
- Emily Brown, Deputy Commissioner of Insurance, Department of Financial Regulation
- Jennifer Carbee, Deputy Chief Counsel, Office of Legislative Counsel
- Chris D'Elia, President, Vermont Bankers' Association
- Todd Daloz, Director of Policy and Legislative Affairs, Attorney General's Office
- James Feehan, Government Relations Director, Primmer Piper Eggleston & Cramer PC
- Aaron Ferenc, Deputy Commissioner of Banking, Department of Financial Regulation
- David Fifer, Senior Director of Government Affairs, Rocket Mortgage
- Mike Fisher, Chief Health Care Advocate, Vermont Legal Aid
- Charlie Gliserman, Director of Policy, Vermont Network Against Domestic & Sexual Violence
- Colin Hilliard, Associate State Director - Advocacy and Outreach, AARP VT
- Robin Imbrogno, Founder and CEO, The Human Resource Consulting Group, LLC
- Larry Lipka, Senior Vice President, General Counsel, CoinFlip
- Ethan McLaughlin, Assistant General Counsel, Department of Financial Regulation
- Kevin Mead, President, Vermont Captive Insurance Association
- Chris Rice, Lobbyist, MMR
- Maria Royle, Legislative Counsel, Office of Legislative Counsel
- Kaj Samsom, Commissioner, Department of Financial Regulation
- Heather Shouldice, Lobbyist, Associated General Contractors of Vermont
- Sara Teachout, Director, Government, Public and Media Relations, Blue Cross Blue Shield of Vermont
- Joe Valenti, Director of Policy, Department of Financial Regulation
House Committee on Health Care
- Mary Block, Director of Insurance Regulation, Department of Financial Regulation
- Jennifer Carbee, Deputy Chief Counsel, Office of Legislative Counsel
- Mike Fisher, Chief Health Care Advocate, Vermont Legal Aid
- Mike Fisher, Chief Health Care Advocate, Vermont Legal Aid
- Rep. Herb Olson, Representative, House Committee on Commerce and Economic Development
- Sara Teachout, Director, Government, Public and Media Relations, Blue Cross Blue Shield of Vermont
House Committee on Ways and Means
- Ted Barnett, Fiscal Analyst, Joint Fiscal Office
- Jennifer Carbee, Deputy Chief Counsel, Office of Legislative Counsel
- Nolan Langweil, Principal Fiscal Analyst, Joint Fiscal Office
- Maria Royle, Legislative Counsel, Office of Legislative Counsel
- Rep. Kirk White, Reporter of the Bill, House Committee on Commerce and Economic Development
Senate Committee on Finance
- Ted Barnett, Fiscal Analyst, Joint Fiscal Office
- Sandy Bigglestone, Acting Commissioner, Department of Financial Regulation
- Emily Brown, Deputy Commissioner of Insurance, Department of Financial Regulation
- Chris D'Elia, President, Vermont Bankers' Association
- Aaron Ferenc, Deputy Commissioner of Banking, Department of Financial Regulation
- David Fifer, Senior Director of Government Affairs, Rocket Mortgage
- Mike Fisher, Chief Health Care Advocate, Vermont Legal Aid
- Robin Imbrogno, Independent Payroll Providers Association
- Larry Lipka, Senior Vice President, General Counsel, CoinFlip
- Rep. Rob North
- Maria Royle, Legislative Counsel, Office of Legislative Counsel
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.
Fiscal Information
Fiscal Notes and Related Documents
- Act 23 (H.137) – An act relating to the regulation of insurance products and services, As enacted
- H.137 – An act relating to the regulation of insurance products and services, As passed by the General Assembly
- H.137 – An act relating to the regulation of insurance products and services, Senate proposal of amendment
- H.137 – An act relating to the regulation of insurance products and services, As passed by the House of Representatives
- H.137 – An act relating to the regulation of insurance products and services, As recommended by the House Committee on Commerce and Economic Development, Draft 1.6
No committee of conference members found for H.137 in the Regular Session 2025-2026.
An act relating to the regulation of insurance products and services
Committee of Conference Meetings
Regular Session 2025-2026
| Meeting Date | Committee |
|---|
An act relating to the regulation of insurance products and services
Committee of Conference Meeting Full List
Regular Session 2025-2026
No committee of conference meeting history found for H.137 in the Regular Session 2025-2026.
No committee of conference report found for H.137 in the Regular Session 2025-2026.
Act
An act relating to the regulation of insurance products and services
Statutes Affected
Regular Session 2025-2026
| Statute |
|---|
| 8 V.S.A. § 23. Confidentiality of investigation and examination reports |
| 8 V.S.A. § 2504. Exemptions |
| 8 V.S.A. § 2571. Definitions |
| 8 V.S.A. § 2574. Required disclosures |
| 8 V.S.A. § 2577. Virtual-currency kiosk operators |
| 8 V.S.A. § 3303. Mutual companies; directors, charter provisions as to |
| 8 V.S.A. § 4062b. Medicare supplemental health insurance |
| 8 V.S.A. § 4688. Filing of rates and other rating information |
| 8 V.S.A. § 4724. Unfair methods of competition or unfair or deceptive acts or practices defined |
| 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. § 6006a. Mergers |
| 8 V.S.A. § 6007. Reports and statements |
| 8 V.S.A. § 6011. Reinsurance |
| 8 V.S.A. § 6024. Dormant captive insurance companies |
| 8 V.S.A. § 6045. Branch captive reports |
| 8 V.S.A. § 6048d. Licensing; authority |
| 8 V.S.A. § 6052. Risk retention groups chartered in this State |
| 8 V.S.A. § 13301. Corporators of mutual financial institutions |
| 9 V.S.A. § 42. Permitted charges |
| 33 V.S.A. § 6706. Independent analysis |
