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
005
:
AFFILIATED REINSURANCE COMPANIES
(Cite as: 8 V.S.A. § 6049e)
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§ 6049e. Minimum capital and surplus
An affiliated reinsurance company shall not be issued a license unless it possesses
and thereafter maintains unimpaired paid-in capital and surplus of not less than $5,000,000.00.
The Commissioner may prescribe additional capital and surplus based upon the type,
volume, and nature of reinsurance business transacted. Except as otherwise provided
in this section, the provisions of chapter 159 of this title, Risk Based Capital for
Insurers, shall apply in full to an affiliated reinsurance company. (Added 2017, No. 134 (Adj. Sess.), § 10.)