Department of Banking, Insurance, Securities
& Health Care Administration (BISHCA)
89 Main St.  Montpelier, VT 05620-3101    Main Phone:  802-828-3301 
Paulette J. Thabault, Commissioner

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Captive Insurance Division
Main: 802-828-3304  
www.vermontcaptives.info

Vermont was the first captive domicile in the world to recognize the importance of a specialized, knowledgeable staff of professionals dedicated solely to captive insurance regulatory matters. Vermont also has a solid infrastructure of management companies, law firms, banks and accounting firms experienced in captive insurance company needs.  Because of the small size of its government, Vermont offers greater accessibility to both its elected and appointed officials.   

What is a Captive Insurer?
A captive insurer is a company that is owned or controlled by its policyholders, thereby enhancing the company's ability to control its own insurance costs.  Through captives, business owners have access to broader, less expensive insurance markets.  Vermont constructed a regulatory system to ensure the solvency of captives while recognizing the special purposes for which they were formed.  The number of captives licensed in Vermont continues to grow sharply, with over 700 licenses issued at year end 2006. Vermont is the largest captive domicile in the U.S. (See also: Vermont Captive Company Statistics and Data)

Interested in Forming a
Captive Insurance Company in Vermont?

To request an application packet and/or get more information about regulations that pertain to captive insurers, please see other Captive insurance regulatory information links at the top left of this page or:

  • Contact us by e-mail: Be sure to say what you are requesting, and please include your name and a postal address

  • Call us at (802) 828-3304

 

 

THE CAPTIVE
INSURANCE TEAM


David Provost
Deputy Commissioner


Peter Raymond
Director of Captives


Sandra Bigglestone

Director of Captive Examinations