Proposed Rules and Public Comment

Proposed Rules

Medicare Supplement Insurance Minimum Standards Rule, I-2019-01

On April 16, 2019 the department filed proposed rules on Medicare Supplement Insurance Minimum Standards Rule with the Secretary of State. A hearing is scheduled for May 24, 2019 at 10:30 am at the DFR, located at 89 Main Street, Montpelier, Vermont in the Third Floor large conference room. Deadline for comment is May 31, 2019.

Self-Insured Association Health Plans

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

Annual Financial Reporting, I-2009-06

On January 29, 2019, the Department of Financial Regulation filed proposed revised rule on Annual Financial Reporting with ICAR. A hearing is schedule for April 10, 2019 at 10:00 a.m., third floor of the Department of Financial Regulation. 

Rules Governing Intermunicipal Insurance Agreements, I-1990-01

On February 13, 2019, the department filed proposed revised rule on Rules Governing Intermunicipal Insurance Agreements. 

Securities Regulations, S-2016-S

On February 20, 2019, the department filed proposed revised rules on Securities Regulations. 

A public hearing scheduled for May 9, 2019 at 9 am at the Department of Financial Regulation in the 3rd floor large conference room. The deadline for comment is May 17, 2019.

Other Public Comment Opportunities

Somerset Reinsurance Ltd. Application

This public notice is posted pursuant to Reg. 97-3, Section 8B.(1).

Somerset Reinsurance Ltd. has applied for designation as a certified reinsurer in Vermont. The application was received on April 3, 2019, and was made under V.S.A. Title 8, Chapter 101, §3634a (relating to requirements for certified reinsurers).

Persons who wish to comment on the application are invited to submit a written statement to the Vermont Department of Financial Regulation within 30 days from the date of this notice. Each written statement must include name, address and telephone number of the interested party; identification of the application to which the statement is addressed; and a concise statement with sufficient detail and relevant facts to inform the Department of the exact basis of the statement. Written statements should be directed to Karen Murphy, Director of Company Licensing, Vermont Department of Financial Regulation, 89 Main Street, Montpelier, VT 05620, karen.murphy@vermont.gov.

XL Bermuda Ltd Application

This public notice is posted pursuant to Reg. 97-3, Section 8B.(1).

XL Bermuda Ltd has applied for designation as a certified reinsurer in Vermont. The application was received on March 25, 2019, and was made under V.S.A. Title 8, Chapter 101, §3634a (relating to requirements for certified reinsurers).

Persons who wish to comment on the application are invited to submit a written statement to the Vermont Department of Financial Regulation within 30 days from the date of this notice. Each written statement must include name, address and telephone number of the interested party; identification of the application to which the statement is addressed; and a concise statement with sufficient detail and relevant facts to inform the department of the exact basis of the statement. Written statements should be directed to Karen Murphy, Director of Company Licensing, Vermont Department of Financial Regulation, 89 Main Street, Montpelier, VT 05620, karen.murphy@vermont.gov.

Contact Information

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

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

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Employee Information