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Vermont Captive Insurance Law Changes Include Green Light on Parametric Contracts

Governor Phil Scott recently signed legislation (H.515) into law modernizing Vermont's captive insurance statutes, including giving captive insurance ....

United States , Phil Scott , Department Of Financial Regulation , New You , Insurance Journal , Deputy Commissioner David Provost , Financial Regulation , Affiliated Business ,

Vermont captive insurance legislation is signed into law.

Governor Phil Scott signed new legislation into law modernizing Vermont's captive insurance statutes and removing inconsistencies. This year's bill, H.515, proposed several updates to Vermont's captive insurance law, including the ability for captive insurance companies to enter into parametric risk transfer contracts, simplifying reporting. ....

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