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
003
:
BRANCH CAPTIVE INSURANCE COMPANIES
(Cite as: 8 V.S.A. § 6045)
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§ 6045. Branch captive reports
Prior to March 15 of each year, or with the approval of the Commissioner within 75
days after its fiscal year-end, a branch captive insurance company shall file with
the Commissioner a copy of all reports and statements required to be filed under the
laws of the jurisdiction in which the alien captive insurance company is formed, verified
by oath of two of its executive officers or, in the case of a branch captive insurance
company formed as a limited liability company or as a reciprocal insurer, of two individuals
authorized by the governing board. If the Commissioner is satisfied that the annual
report filed by the alien captive insurance company in its domiciliary jurisdiction
provides adequate information concerning the financial condition of the alien captive
insurance company, the Commissioner may waive the requirement for completion of the
captive annual statement for business written in the alien jurisdiction. (Added 2003, No. 55, § 9; amended 2023, No. 12, § 1, eff. May 8, 2023; 2025, No. 23, § 12, eff. July 1, 2025.)