NU Online News Service, May 20, 2:16 p.m. EDT
Captives in Vermont will enjoy greater protection of their assets now that a bill has been passed by the state legislature that will allow for the separation of risk within a captive cell.
Legislation passed by the 2011 session of the Vermont legislature and signed into law by Governor Peter Shumlin expands Vermont's captive laws. The bill allows cells within a sponsored-cell captive to be formed as incorporated protected cells. This means captives will not have to worry about comingling assets and they can separate risks.
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