Vermont H0649 amends laws on captive insurance companies, prohibiting loans and investments by risk retention groups to parent companies.

Vermont H0649 modifies regulations for captive insurance companies, specifically targeting risk retention groups. It prohibits these groups from making loans or investments in their parent companies or affiliates, effective from January 1, 2026. The bill also restructures the reporting requirements for risk retention groups, mandating annual and quarterly filings with the National Association of Insurance Commissioners (NAIC).

Vermont H0649 amends laws on captive insurance companies, prohibiting loans and investments by risk retention groups to parent companies.

Vermont H0649 modifies regulations for captive insurance companies, specifically targeting risk retention groups. It prohibits these groups from making loans or investments in their parent companies or affiliates, effective from January 1, 2026. The bill also restructures the reporting requirements for risk retention groups, mandating annual and quarterly filings with the National Association of Insurance Commissioners (NAIC).