New Vermont captive legislation signed by Governor Phil Scott
New Vermont captive legislation signed by Governor Phil Scott PR Web Phil Scott signed new legislation into law strengthening Vermont's captive regulation in a variety of areas. This year's bill, S.88, combined changes to Vermont's insurance and captive insurance statutes in a single bill to help minimize the number of items before the legislature. The bill made several updates to Vermont's captive law, including clarifying the ability for a cell to convert to another type of entity, and simplifying processes around redomestication, mergers, and the filing of organizational documents prior...
Source: insurancenewsnet.com