Vermont’s latest “robust” captive bill addresses confidentiality, parametric and cells

• More concise wording around confidentiality and reporting standards
• Explicit legislation around captives converting to cell structures
• Parametric policies can now be defined as insurance contracts under Vermont lawVermont’s latest “robust” captive bill addresses confidentiality, parametric and cells

Vermont Governor Phil Scott signed Bill H.659 on May 20, 2024, which includes important updates to the State’s statutes.

The Green Mountain State is the largest captive domicile in the world by number of captives, adding 15 new captives to its roster during the first quarter of 2024, taking the total number of captives to 669.