Vt. Passes New Captive Law
Vermont is celebrating its 20th year as a domicile for captive insurers with something even better than fireworks–new captive legislation.
"Everything passed the Senate and the House," said Len Crouse, director of captive insurance in the Vermont Department of Banking, Insurance and Securities in Montpelier.
The bill has not yet been signed into law by Gov. Howard Dean, "but in all honesty, we know its a done deal," he added.
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