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Over the last 35 years, Vermont has grown to become known as the ‘Gold Standard’ of domiciles in the Captive Insurance industry and is held up as the model of sound regulation by other domiciles. This July marks the 35th anniversary of Vermont’s captive insurance legislation signed into law by the now late, Governor Richard Snelling. In 1981, Snelling’s vision was to create a premiere captive insurance environment that would rival offshore competitors and to create economic opportunities for Vermonters.
That vision has been continued by each successive Governor in Vermont, “We have always tried to improve upon ourselves and have never rested on our laurels,” said Vermont Governor Peter Shumlin. “We are very proud of Vermont being the top U.S. Domicile and look forward to our continued success over the next thirty-five years and beyond.”
