2011 Vermont Code
Title 08 Banking and Insurance
Chapter 141 CAPTIVE INSURANCE COMPANIES
§ 6019 Rules for controlled unaffiliated business
§ 6019. Rules for controlled unaffiliated business
The commissioner may adopt rules establishing standards to ensure that a parent or its affiliated company, or an industrial insured or its affiliated company, is able to exercise control of the risk management function of any controlled unaffiliated business to be insured by a pure captive insurance company or an industrial insured captive insurance company, respectively; provided, however, that, until such time as rules under this section are adopted, the commissioner may approve the coverage of such risks by a pure captive insurance company or an industrial insured captive insurance company. (Added 1997, No. 49, { 16, eff. June 26, 1997; amended 2003, No. 55, { 7; 2007, No. 49, { 13.)
Disclaimer: These codes may not be the most recent version. Vermont may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
