For admission as a Vermont captive insurance company, upon holding a licensure meeting with the division you must submit an application, along with supporting forms and documentation. Take note of the additional requirements and application fees listed below the application and forms.
The department encourages all companies interested in forming a captive to contact one of the approved managers. The prospective captive owner can rely on the manager's expertise in this area. If at any point you wish to contact the department directly, please feel free to do so.
Captive insurance refers to a subsidiary corporation established to provide insurance to the parent company and its affiliates. A captive insurance company represents an option for many corporations and groups that want to take financial control and manage risks by underwriting their own insurance rather than paying premiums to third-party insurers. The advantages of going captive are:
All filings must be submitted electronically in combined single PDF unsecure format and no Zip files are accepted.
If you are an existing Vermont licensed captive please see approved service providers and filing requirements checklist, as well as other resources.
Captive insurance refers to a subsidiary corporation established to provide insurance to the parent company and its affiliates. A captive insurance company represents an option for many corporations and groups that want to take financial control and manage risks by underwriting their own insurance rather than paying premiums to third-party insurers.
