§ 6048g. Minimum capital and surplus
A special purpose financial insurance company shall not be issued a license unless it shall possess and thereafter maintain unimpaired paid-in capital and surplus of not less than $5,000,000.00. (Added 2007, No. 49, § 17; amended 2013, No. 29, § 58.)
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