The Vermont Statutes Online
The Vermont Statutes Online does not include the actions of the 2024 session of the General Assembly. We expect them to be updated by November 1st.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
Title 8: Banking and Insurance
Chapter 141: Captive Insurance Companies
- Subchapter 001: General Provisions
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§ 6001. Definitions
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§ 6002. Licensing; authority
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§ 6003. Names of companies
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§ 6004. Minimum capital and surplus; letter of credit
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§ 6005. Dividends
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§ 6006. Formation of captive insurance companies in this State
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§ 6006a. Mergers
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§ 6006b. Redomestication
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§ 6007. Reports and statements
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§ 6008. Examinations and investigations
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§ 6009. Grounds and procedures for suspension or revocation of license
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§ 6010. Legal investments
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§ 6011. Reinsurance
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§ 6012. Rating organizations; memberships
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§ 6013. Exemption from compulsory associations
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§ 6014. Tax on premiums collected
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§ 6015. Rules and regulations
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§ 6016. Laws applicable
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§ 6017. Captive Insurance Regulatory and Supervision Fund
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§ 6018. Delinquency
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§ 6019. Rules for controlled unaffiliated business
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§ 6020. Conversion to or merger with reciprocal insurer
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§§ 6021-6023. Recodified. 2003, No. 55, § 8, eff. June 30, 2003.
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§ 6024. Dormant captive insurance companies
- Subchapter 002: Sponsored Captive Insurance Companies
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§ 6031. Formation
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§ 6032. Definitions
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§ 6033. Supplemental application materials
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§ 6034. Protected cells
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§ 6034a. Incorporated protected cells
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§ 6034b. Separate accounts of protected cells
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§ 6034c. Protected cell conversion
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§ 6034d. Sale, transfer, or assignment of protected cells
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§ 6034e. Repealed. 2021, No. 25, § 25, eff. May 12, 2021.
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§ 6034f. Annual report; books and records
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§ 6035. Qualification of sponsors
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§ 6036. Participants in sponsored captive insurance companies
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§ 6037. Investments by sponsored captive insurance companies and protected cells
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§ 6038. Delinquency of sponsored captive insurance companies
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§ 6039. Claimant recourse
- Subchapter 003: Branch Captive Insurance Companies
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§ 6041. Establishment of a branch captive insurance company
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§ 6042. Definitions
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§ 6043. Security required
[Section 6043 shall apply only to branch captive companies formed on and after January 1, 2009.]
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§ 6043. Security required
[Section 6043 shall apply to branch captive companies formed before January 1, 2009.]
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§ 6044. Repealed. 2017, No. 90 (Adj. Sess.), § 5, eff. March 8, 2018.
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§ 6045. Branch captive reports
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§ 6046. Examination of branch captives
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§ 6047. Taxation of branch captives
- Subchapter 004: Special Purpose Financial Insurance Companies
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§ 6048a. Applicable law
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§ 6048b. Existing licenses
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§ 6048c. Definitions
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§ 6048d. Licensing; authority
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§ 6048e. Changes in plan of operation; voluntary dissolution or cessation of business
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§ 6048f. Formation
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§ 6048g. Minimum capital and surplus
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§ 6048h. Securities
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§ 6048i. Permitted reinsurance
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§ 6048j. Disposition of assets; investments
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§ 6048k. Annual report; books and records
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§ 6048l. License suspension and revocation
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§ 6048m. Delinquency
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§ 6048n. Sponsored captives
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§ 6048o. Confidentiality
- Subchapter 005: Affiliated Reinsurance Companies
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§ 6049a. Applicable law
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§ 6049b. Definitions
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§ 6049c. Licensing; authority
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§ 6049d. Formation
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§ 6049e. Minimum capital and surplus
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§ 6049f. Permitted reinsurance
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§ 6049g. Disposition of assets; investments
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§ 6049h. Annual report; books and records
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§ 6049i. Insurance holding company systems
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§ 6049j. Corporate governance; disclosure
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§ 6049k. Own risk and solvency assessment
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§ 6049l. Requirements for actuarial opinions
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§ 6049m. Confidentiality