Captive Insurance

CAPTIVE INSURANCE

Applications

For admission as a Vermont captive insurance company, you must submit an application, along with supporting forms and documentation. Take note of the additional requirements and application fees. 

Special Purpose Financial Insurance Companies (SPFIs) may be subject to different instructions and forms. If you are forming a Special Purpose Financial Insurance Company, please contact us directly to obtain additional information.

CAPTIVE INSURANCE

Fees and PremiumTax Chart- updated as changes occur

Please note our web site is currently under construction, and we appreciate your patience while we continue to update our content.

 
►Captive Bulletin C-2015-01
06/15/2015
Maintaining Regulatory Minimum Capital and Surplus Requirements

 
►Regulation H-2009-02 (Revised)
04/21/2018
Health Care Stop Loss Insurance

 
►Regulation C-1981-02 (Revised)
06/01/2017
Captive Insurance Financial Regulation

Captive Statutes

These documents are placed here for reference purposes only.  Legal copies may be obtained directly from: VERMONT GENERAL ASSEMBLY

Captive Insurance NAIC Annual Statement FAQs

1. What do I do if our Company had an audit adjustment last year?

Option 1: The NAIC Annual Statement Instructions state that corrections of errors in previously filed information should be reported as an adjustment to surplus in the current year with an appropriate identifying title as a write-in item for the Aggregate Write-ins for Gains or Losses to Surplus.

CAPTIVE INSURANCE

Fees and PremiumTax Chart- updated as changes occur

Please note our web site is currently under construction, and we appreciate your patience while we continue to update our content.

CAPTIVE INSURANCE

Approved Service Providers

Approved Service Providers consist of approved independent CPAs, approved actuaries and approved captive management companies. The attached pdfs provide current listings in all of these categories. 

» Approved Actuaries

» Approved CPAs

» Approved Captive Managers

Where to Send

Notice & Registration Filings and General Information

Submit electronically to: http://DFR.CaptiveMail@vermont.gov

or Mail to:

Vermont Department of Financial Regulation - Captive Insurance Division
Val Stark, Captive Administrative Assistant
89 Main Street
Montpelier, VT  05620-3101
Tel:  802-828-3304
 

Premium Tax Chart- updated as changes occur

No fees are charged to foreign risk retention groups (RRGs) or purchasing groups.