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Onshore (USA)
Vermont
Vermont is the largest captive domicile in the US and the third-largest in the world, pioneering the industry since 1981. The 1981 Special Insurers Act gave parents the freedom to operate without proving insurance unavailability in the traditional market. Recent 2021 amendments have further streamlined formation by allowing capital to be contributed after licensure rather than before.
Quick Facts
Jurisdiction
Onshore (USA)
Legislation
Special Insurers Act of 1981
Tax Environment
Largest US captive domicile; mature tax structure
Contact
Christine Brown, Deputy Commissioner, Captive Insurance Division
christine.brown@vermont.gov
Financial Requirements
Minimum Capital & Surplus
| Structure Type | Minimum Capital |
|---|---|
| Pure / Branch | $250,000 |
| Sponsored | $100,000 |
| RRG | $1,000,000 |
| Association / Agency | $500,000 |
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Regulatory Framework
Special Insurers Act of 1981
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Tax Environment
Largest US captive domicile; mature tax structure
Considering Vermont for Your Captive?
Our consultants provide end-to-end guidance on domicile selection, feasibility, and formation. Let us help you determine if Vermont is the right fit.