Captive Insurance

CAPTIVE INSURANCE

Vermont Captive Data

Vermont Captive Listing - as of 03/31/2025 (updated quarterly)

Vermont Captive License Count Summaries:

CAPTIVE INSURANCE

Filings and Due Dates

Required 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.

Foreign Risk Retention Group and Risk Purchasing Group 

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Filing Due Date Checklists

ELECTRONIC SIGNATURES AND NOTARIZATION

• We allow electronic or e-signatures utilizing digital signature software and request that available software confirmations, such as e-signature certificates, be included within PDF filings.

• For documents requiring a notarized signature it is our expectation that documents be notarized, whether original or remote.

CAPTIVE INSURANCE

Steps to Form a Captive

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

Advantages of Captive Insurance

Increase Control, Reduce Costs

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:

CAPTIVE INSURANCE

Vermont Domestic Captives Filing Requirements

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

Captive Formation & Licensing

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.