Applications and Forms
TEMPORARY NOTICE DURING WORK FROM HOME RESTRICTIONS:Notarization on applications, biographical affidavits, forms and other filings.
TEMPORARY NOTICE DURING WORK FROM HOME RESTRICTIONS:Notarization on applications, biographical affidavits, forms and other filings.
If you are a Foreign Risk Retention Group or a Foreign Purchasing Group registered in Vermont, you are required to file information with the State of Vermont per the below list of required filings and due dates.
Business Plan Change Form for Addition of Protected Cells - including general instructions and guidance
Actuary Application - to become approved for Vermont Captives
CPA Application - to become approved for Vermont Captives
Biographical Affidavit - including general instructions
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.
Generally, the process of incorporating a captive insurer in Vermont and applying for a license from the Department of Financial Regulation will involve the following steps:
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:
ELECTRONIC SIGNATURES AND NOTARIZATION
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 Captive Insurance Division of the Vermont Department of Financial Regulation focuses on maintaining a regulatory system that attracts quality business to Vermont, promotes the state reputation in the industry, and safeguards the solvency of captive insurers while recognizing the special purpose for which they were created. The division pursues its mission by: