Vermont signs a new Captive Insurance Legislation into law, which is expected to strengthen Vermont’s “Gold Standard” legislation.

“Vermont’s New Captive Insurance Legislation Signed into Law; Changes Strengthen Vermont’s “Gold Standard” Captive Insurance Legislation”

Article posted by PRWeb.com on Thursday, April 17, 2014

Press Release posted by Digital Journal.com on Friday, April 18, 2014

Vermont has just enacted new legislation which creates a “dormant” status for captives. The dormant status provides a way for a captive that has ceased insurance operations to cost-effectively retain its license should it elect to resume operations in the future.  (Bill H.563 amending Title 8) – Lynn H. Desmone, Account Executive, Capterra Risk Solutions (4/25/2014)

 

Read more here:

“New Legislation has passed in the Vermont State Legislature updating the state’s captive law. The new law, which takes effect immediately, amends the reciprocal insurer section and creates a new “dormant status for captives.” – Montpelier, VT (PRWEB) April 17, 2014 (http://www.prweb.com/releases/VermontCaptive/Legislation/prweb11771919.htm)

 

View the press release on DigitalJournal.com by clicking the link below:

http://www.digitaljournal.com/pr/1858264

 

To view “Bill H.563 amending Title 8” passed including amendments click on the following link:

http://www.leg.state.vt.us/docs/2014/bills/Passed/H-563C.pdf

 

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