The Vermont Statutes Online
The Statutes below include the actions of the 2025 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
Subchapter
002
:
SPONSORED CAPTIVE INSURANCE COMPANIES
(Cite as: 8 V.S.A. § 6036)
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§ 6036. Participants in sponsored captive insurance companies
(a) Associations, corporations, limited liability companies, partnerships, trusts, risk
retention groups, sole proprietorships, and other business entities may be participants
in any sponsored captive insurance company formed or licensed under this chapter.
(b) A sponsor may be a participant in a sponsored captive insurance company.
(c) A participant need not be a shareholder of the sponsored captive insurance company
or any affiliate thereof.
(d) A participant shall not insure any risks other than its own and the risks of affiliated
entities or of controlled unaffiliated entities. (Added 1999, No. 38, § 19, eff. May 20, 1999; amended 2003, No. 55, § 9; 2011, No. 78 (Adj. Sess.), § 40, eff. April 2, 2012; 2015, No. 20, § 6, eff. May 7, 2015; 2019, No. 3, § 7, eff. April 18, 2019.)