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
004
:
SPECIAL PURPOSE FINANCIAL INSURANCE COMPANIES
(Cite as: 8 V.S.A. § 6048b)
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§ 6048b. Existing licenses
Except as otherwise determined by the Commissioner, a captive insurance company that
has been licensed by the Commissioner pursuant to this chapter as of July 1, 2007
and that is engaged in or that will be engaged in an insurance securitization shall
be subject to the provisions of this subchapter as a special purpose financial insurance
company. The Commissioner may require such captive insurance company to take any action
that the Commissioner determines is reasonably necessary to bring such captive insurance
company into compliance with the provisions of this subchapter. The Commissioner may
issue an order described in subsection 6048d(b) of this title with respect to such captive insurance company. (Added 2007, No. 49, § 17; amended 2013, No. 29, § 53.)