Proposed Rules and Public Comment

Proposed Rules

Business Entity Limited Lines Producer for Self-Storage Insurance License, I-2019-02

The proposed rule establishes a new license type for self-storage insurance. The purpose of this rule is to establish a business entity limited lines producer license for the sale of self-storage insurance and to set forth requirements for the sale of self-storage insurance by an owner and its employees and authorized representatives. The rule governs the sale of self-storage insurance by an owner and its employees and authorized representatives. A hearing will be held on October 18, 2019 at 09:30 AM at the Department of Financial Regulation, 89 Main Street, 3rd Floor Conference Room in Montpelier. Submit comments to dan.raddock@vermont.gov by October 25, 2019. 

Self-Insured Association Health Plans

On December 31, 2018, the Department of Financial Regulation filed emergency regulations on Self-Insured Association Health Plans. 

Other Public Comment Opportunities

Champlain Specialty Insurance Company, Docket No. 20-002-I

Company’s Petition for a Certificate of General Good

The Vermont Department of Financial Regulation has scheduled a public hearing on February 14, 2020 at 10:00 a.m., at the Department of Financial Regulation’s office located at 110 Cherry Street (3rd Floor Conference Room 1), Burlington, Vermont. The hearing will be held to determine whether the establishment and maintenance of Champlain Specialty Insurance Company as a Vermont Surplus Lines Carrier will promote the general good of this State, in accordance with 8 V.S.A. §3305. 

The company’s principals plan to utilize the company to provide (i) excess and surplus lines insurance products throughout the United States for risks that cannot be placed in the traditional markets; and (ii) reinsurance support to certain of the Company’s affiliates. 

A copy of the company’s petition is available for public review at the DFR’s offices at 89 Main Street, Montpelier, VT 05620.

Interested parties and the public are entitled to appear and be heard at the Hearing. Any person needing special accommodation, please contact Sheila Grace at (802) 828-3422 at least 72 hours in advance of the hearing.      

Vermont Blue Advantage

The Vermont Department of Financial Regulation will hold a public hearing on December 16, 2019 at 9:00 a.m., at the offices of the Vermont Department of Financial Regulation, 89 Main Street, Third Floor Conference Room, Montpelier, Vermont, 05602, to consider a petition submitted to the department by Vermont Blue Advantage. Vermont Blue Advantage is a joint venture between BCBSVT and BCBS of Michigan that will be entering Vermont’s Medicare Advantage market. 

Contact Information

Department of Financial Regulation
Commissioner Michael Pieciak
89 Main Street, Montpelier, VT 05620 - 3101
802-828-3301
833-DFR-HOTLINE

Public Information
For public records, media inquiries, and press releases visit our Public Information web page

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Employee Information