§ 6018. Delinquency
Except as otherwise provided in this chapter, the terms and conditions set forth in chapter 145 of this title shall apply in full to captive insurance companies formed or licensed under this chapter; however, the assets of a separate account established under subsection 6006(q) of this chapter shall not be used to pay any expenses or claims other than those attributable to such separate account. (Added 1987, No. 168 (Adj. Sess.), § 4, eff. May 3, 1988; amended 1993, No. 40, § 9, eff. June 3, 1993; 1999, No. 38, § 15, eff. May 20, 1999; 2003, No. 55, § 7; 2007, No. 49, § 12; 2013, No. 103 (Adj. Sess.), § 6, eff. April 14, 2014; 2019, No. 110 (Adj. Sess.), § 9, eff. June 15, 2020.)
Structure Vermont Statutes
Title 8 - Banking and Insurance
Chapter 141 - Captive Insurance Companies
§ 6004. Minimum capital and surplus; letter of credit
§ 6006. Formation of captive insurance companies in this State
§ 6007. Reports and statements
§ 6008. Examinations and investigations
§ 6009. Grounds and procedures for suspension or revocation of license
§ 6012. Rating organizations; memberships
§ 6013. Exemption from compulsory associations
§ 6014. Tax on premiums collected
§ 6017. Captive Insurance Regulatory and Supervision Fund
§ 6019. Rules for controlled unaffiliated business
§ 6020. Conversion to or merger with reciprocal insurer
§ 6024. Dormant captive insurance companies
§ 6033. Supplemental application materials
§ 6034a. Incorporated protected cells
§ 6034b. Separate accounts of protected cells
§ 6034c. Protected cell conversion
§ 6034d. Sale, transfer, or assignment of protected cells
§ 6034f. Annual report; books and records
§ 6035. Qualification of sponsors
§ 6036. Participants in sponsored captive insurance companies
§ 6037. Investments by sponsored captive insurance companies and protected cells
§ 6038. Delinquency of sponsored captive insurance companies
§ 6041. Establishment of a branch captive insurance company
§ 6045. Branch captive reports
§ 6046. Examination of branch captives
§ 6047. Taxation of branch captives
§ 6048e. Changes in plan of operation; voluntary dissolution or cessation of business
§ 6048g. Minimum capital and surplus
§ 6048i. Permitted reinsurance
§ 6048j. Disposition of assets; investments
§ 6048k. Annual report; books and records
§ 6048l. License suspension and revocation
§ 6049e. Minimum capital and surplus
§ 6049f. Permitted reinsurance
§ 6049g. Disposition of assets; investments
§ 6049h. Annual report; books and records
§ 6049i. Insurance holding company systems
§ 6049j. Corporate governance; disclosure
§ 6049k. Own risk and solvency assessment