In 1981, Vermont adopted its captive insurance enabling legislation, one of the first states to do so. Since then, through numerous modifications of its landmark legislation to address ever-changing industry needs, the depth and breadth of its regulators and service providers, and the partnership and support of its governors and legislators, Vermont has become the premier domestic domicile in the U.S. and also has been recognized internationally as a domicile of choice.
These achievements did not happen overnight though. Rather they came about with commitment, foresight, Yankee ingenuity (otherwise known as innovation), and just plain old hard work by all those working in the Vermont Captive industry. Now in our 40th year, we want to celebrate by telling the story of how and why Vermont has been a chosen domicile for so many years, highlighting the major events and key players that have brought us to where we are today.
Check out this special, 40th anniversary Vermont Report, from Risk and Insurance