Vermont Captive Division Fees & Taxes
|
Vermont Captive Fees | |
|---|---|
|
Activity |
Related Fee |
|
Initial Department Licensure |
$500 |
|
Actuarial Application Review Actuarial Application Review (SPFC) |
$4,000 $7,500 |
|
Annual License Renewal |
$500 |
All checks in payment of fees or services should be made payable to either of the following payee names: Vermont Department of Banking and Insurance or VT BISHCA.
|
Vermont Premium Tax Rate | ||
|---|---|---|
|
Millions of Dollars |
Direct Premiums |
Assumed Premiums |
|
0-20 |
.38% |
.214% |
|
20-40 |
.285% |
.143% |
|
40-60 |
.19% |
.048% |
|
60+ |
.072% |
.024% |
Please note: other or additional fees and taxes may be applicable to Special Purpose Financial Captives. If you are forming a Special Purpose Financial Captive, please contact us directly to obtain additional information.