Captive Insurance Risk Pools: Opportunities and Challenges

Vermont Governor Phil Scott signed the new captive insurance reform bill into law on May 21, 2025. The legislation updates captive insurance regulations by aligning them with broader state insurance statutes and clarifying authority for LLCs. It also revises provisions related to mutual insurers and captives acting as reinsurers. These reforms were developed collaboratively between the Department of Financial Regulation and the Vermont Captive Insurance Association. The goal is to modernize the statutory framework and maintain Vermont’s status as a leading captive insurance domicile.

Source: Insurance Business

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