The Vermont Statutes Online

Title 8: Banking and Insurance

Chapter 141: Captive Insurance Companies

• Subchapter 001: GENERAL PROVISIONS
•    § 6001. Definitions

•    § 6002. Licensing; authority

•    § 6003. Names of companies

•    § 6004. Minimum capital and surplus; letter of credit

•    § 6005. Dividends

•    § 6006. Formation of captive insurance companies in this State

•    § 6006a. Mergers

•    § 6006b. Redomestication

•    § 6007. Reports and statements

•    § 6008. Examinations and investigations

•    § 6009. Grounds and procedures for suspension or revocation of license

•    § 6010. Legal investments

•    § 6011. Reinsurance

•    § 6012. Rating organizations; memberships

•    § 6013. Exemption from compulsory associations

•    § 6014. Tax on premiums collected

•    § 6015. Rules and regulations

•    § 6016. Laws applicable

•    § 6017. Captive Insurance Regulatory and Supervision Fund

•    § 6018. Delinquency

•    § 6019. Rules for controlled unaffiliated business

•    § 6020. Conversion to or merger with reciprocal insurer

•    §§ 6021-6023. Recodified. 2003, No. 55, § 8, eff. June 30, 2003.

•    § 6024. Dormant captive insurance companies

• Subchapter 002: SPONSORED CAPTIVE INSURANCE COMPANIES
•    § 6031. Formation

•    § 6032. Definitions

•    § 6033. Supplemental application materials

•    § 6034. Protected cells

•    § 6034a. Incorporated protected cells

•    § 6034b. Separate accounts of protected cells

•    § 6034c. Protected cell conversion

•    § 6034d. Sale, transfer, or assignment of protected cells

•    § 6034e. Repealed. 2021, No. 25, § 25, eff. May 12, 2021.

•    § 6034f. Annual report; books and records

•    § 6034g. Confidentiality

•    § 6034h. Conversion into protected cell

•    § 6035. Qualification of sponsors

•    § 6036. Participants in sponsored captive insurance companies

•    § 6037. Investments by sponsored captive insurance companies and protected cells

•    § 6038. Delinquency of sponsored captive insurance companies

•    § 6039. Claimant recourse

• Subchapter 003: BRANCH CAPTIVE INSURANCE COMPANIES
•    § 6041. Establishment of a branch captive insurance company

•    § 6042. Definitions

•    § 6043. Security required

  [Section 6043 shall apply only to branch captive companies formed on and after January 1, 2009.]

•    § 6043. Security required

  [Section 6043 shall apply to branch captive companies formed before January 1, 2009.]

•    § 6044. Repealed. 2017, No. 90 (Adj. Sess.), § 5, eff. March 8, 2018.

•    § 6045. Branch captive reports

•    § 6046. Examination of branch captives

•    § 6047. Taxation of branch captives

•    § 6047a. Confidentiality

• Subchapter 004: SPECIAL PURPOSE FINANCIAL INSURANCE COMPANIES
•    § 6048a. Applicable law

•    § 6048b. Existing licenses

•    § 6048c. Definitions

•    § 6048d. Licensing; authority

•    § 6048e. Changes in plan of operation; voluntary dissolution or cessation of business

•    § 6048f. Formation

•    § 6048g. Minimum capital and surplus

•    § 6048h. Securities

•    § 6048i. Permitted reinsurance

•    § 6048j. Disposition of assets; investments

•    § 6048k. Annual report; books and records

•    § 6048l. License suspension and revocation

•    § 6048m. Delinquency

•    § 6048n. Sponsored captives

•    § 6048o. Confidentiality

• Subchapter 005: AFFILIATED REINSURANCE COMPANIES
•    § 6049a. Applicable law

•    § 6049b. Definitions

•    § 6049c. Licensing; authority

•    § 6049d. Formation

•    § 6049e. Minimum capital and surplus

•    § 6049f. Permitted reinsurance

•    § 6049g. Disposition of assets; investments

•    § 6049h. Annual report; books and records

•    § 6049i. Insurance holding company systems

•    § 6049j. Corporate governance; disclosure

•    § 6049k. Own risk and solvency assessment

•    § 6049l. Requirements for actuarial opinions

•    § 6049m. Confidentiality

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