Rulebooks · Vermont
Vermont pure captive
The complete rulebook for a Vermont pure captive — every filing, every citation, every date encoded from primary authority. Seven rules, verified against 8 V.S.A. ch. 141 and DFR Regulation C-81-2.
Rules
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on or before Mar 15annual filingAnnual report of financial condition (VCAR)Verified by two executive officers. GAAP, SAP, or IFRS permitted; method chosen at admission, any change requires prior approval.filing8 V.S.A. § 6007(b) · verification: verified_primaryFiscal-year election: replaces the March 15 default with FYE + 75 days. A calendar-year residual still applies — the premium schedule stays on the calendar year (8 V.S.A. § 6007(c)).
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on or before Mar 15annual payment · weekend rollPremium tax return + payment (Form CPT-635, myVTax)Filed and paid electronically. No estimated payments. State observes weekend rolls: return for period ending 12/31/2025 was due Mar 16, 2026 (Mar 15 was a Sunday).payment8 V.S.A. § 6014; Vt. Dep't of Taxes · verification: verified_primary
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on or before Apr 1annual filingLicense renewal ($500 fee)License year ends April 1. SPFC renewal is $5,000.filing8 V.S.A. ch. 141 · verification: verified_primary
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on or before Jun 30annual filingAudited financial statementsRequired in addition to the annual report of financial condition.filingDFR Regulation C-81-2 · verification: verified_primaryFiscal-year election: replaces the June 30 default with FYE + 180 days.
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on or before Jun 30annual filingStatement of actuarial opinion on loss reservesSeparate filing (Vermont does not embed the actuarial opinion in the annual audit the way Missouri does).filingDFR Regulation C-81-2 · verification: verified_primary
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calendar-year windowgovernanceBoard of directors meeting held in VermontAt least one board meeting each year must be held in Vermont. Resident director requirement applies.governance8 V.S.A. § 6006(g) · verification: verified_primary
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every five yearsexaminationFinancial examination by the CommissionerAt least every five years.examination8 V.S.A. § 6008 · verification: verified_primary
Capital requirements
Unimpaired paid-in capital and surplus
Citation: 8 V.S.A. § 6004 · verified_primary. Sponsored minimum has been $500K and $250K in earlier eras before reaching its current level — treat as a versioned value.
Premium tax
Descending-rate tiers
Minimum $7,500 · Maximum $200,000Citation: 8 V.S.A. § 6014 · verified_primary. Same range as Missouri, on a different rate schedule.
Entity types available in Vermont
Vermont licenses pure, association, industrial insured, sponsored, agency, RRG, branch, SPFC, and affiliated reinsurance company captives. Each has its own overlay; this rulebook covers pure captives only.
Run this rulebook against a year
The interactive compiler takes this rulebook plus a reporting year and (optionally) a fiscal-year election, then materializes the calendar deadline by deadline — with the weekend roll on the premium tax handled and the calendar-year residual spawning correctly when the fiscal-year election is on.
Educational preview only — not legal, tax, or investment advice. The rulebook is verified against primary sources on the date shown; statutes, regulations, and agency practice change, and elections, waivers, and entity-type variations alter every calendar. Confirm every date with the Vermont Department of Financial Regulation and your advisors before relying on it.