On March 27, 2024 the Vermont Captive Insurance Association (VCIA) held its biannual “Roadshow” educational event designed for prospective captive insurance companies. The Roadshow, which has been hosted in over 20 cities,...more
Developments in Vermont 2023 -
Captive Legislation -
On May 8, 2023, Governor Phil Scott signed Vermont’s annual captive “housekeeping” bill into law. The 2023 legislation includes the following notable provisions...more
Developments In Vermont -
Changes at the Top
After more than five years of continuity, Vermont’s leadership team has seen significant turnover during 2022. In April, Michael Pieciak, the Commissioner of the Department...more
The Vermont Department of Financial Regulation Offers Guidance for Risk Retention Groups Subject to Information Requests from Non-Domiciliary Regulators.
On May 19, 2020, the Vermont Department of Financial Regulation (the...more
Vermont’s leadership team for captive insurance was remarkably stable in 2017. Governor Phil Scott and Michael Pieciak, the Commissioner of the Department of Financial Regulation (the “DFR”), completed their first full year...more
4/13/2018
/ Affordable Housing ,
Captive Insurance Company ,
Cybersecurity ,
Income Taxes ,
Insurance Industry ,
Legislative Agendas ,
Popular ,
Proposed Legislation ,
Regulatory Oversight ,
Tax Credits ,
TRIA
Changes at the Top -
Republican Phil Scott was elected Governor of Vermont in November 2016, having previously served as Lieutenant Governor for six years. Governor Scott has re-appointed Michael Pieciak to serve as the...more
8/2/2017
/ Affordable Housing ,
Captive Insurance Company ,
Cyber Insurance ,
Cybersecurity ,
Financial Services Industry ,
Insurance Industry ,
Internal Revenue Code (IRC) ,
IRS ,
NAIC ,
NYDFS ,
Risk Retention ,
State Elections ,
Tax Credits ,
Terrorism Insurance ,
TRIA
Governor Peter Shumlin (D-Vt.) is not running for re-election this fall, so Vermont will have a new governor in January 2017. In addition, the Commissioner of the Vermont Department of Financial Regulation (DFR), Susan...more
8/10/2016
/ Captive Insurance Company ,
FHFA ,
FHLB ,
Governance Standards ,
Insurance Industry ,
IRS ,
Legislative Agendas ,
Membership Interest ,
Mortgage REITS ,
New Legislation ,
Reinsurance ,
Risk Retention ,
Tax Rates ,
Terrorism Insurance