Commissioner moves to ease regulatory burdens on small employers who self-insure

The Department of Financial Regulation has learned that last year’s amendments to its Health Care Stop Loss Insurance regulation may unnecessarily increase self-insurance costs for certain small employers, in some cases to a prohibitive degree. Accordingly, the Department will soon file an amendment those regulations, simplifying the standards governing small-employer policies and reducing burdens on small employers who self-insure. The Commissioner is issuing a Statement today that, between now and the amendment’s effective date, he will take no action with respect to stop loss policies meeting certain criteria.

June 15 is “World Elder Abuse Awareness Day”

Elder AbuseDFR and the North American Securities Administrators Association have partnered to stress the importance of protecting older Vermonters against scams and frauds.
Thursday, June 15, is World Elder Abuse Awareness Day, and this week, June 11-17, has been designated Senior$afe Training Week.

New law protects against financial exploitation

DFR’s outreach team is available to speak to your group about financial exploitation, scams and frauds that are being experienced here in Vermont.
For more information, call 802-828-4886 or 802-828-4877.

Full text of Governor Scott’s press release

DFR Deputy Helps “Green Up” Vermont

Green UpCynthia Stuart, deputy commissioner of the Banking Division, (right) is joined by other department heads "greening-up" Route 2 last Friday as part of Vermont's 47th annual Green Up Day May 5, 2017.

Vermonters receive $460,000 in restitution from LPL Financial

Michael S. Pieciak, commissioner, announced a settlement May 5, 2017, in which LPL Financial (LPL) will reimburse $460,000 to eight Vermont investors and has paid the state a penalty of about $11,000. The settlement was the result of a multi-state investigation conducted by the North American Securities Administrators Association (NASAA).

Press Release

Help is available to quit smoking

Quit SmokingReminder: Programs and aids to help Vermonters quit smoking are covered by health insurance.

Read the official bulletin.

Captive Regulations Updated

Captive Regulation UpdatedOn Monday, May 1, 2017, Gov. Phil Scott signed into law a bill updating Vermont’s captive insurance regulations. The law will make Vermont’s “gold standard” captives industry even more attractive.

Read more about Captive Regulation Update here.

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