Captive Insurance Division

David Provost
David Provost
Deputy Commissioner of Captive Insurance

The mission of the Captive Insurance Division is to maintain a regulatory system that attracts quality business to Vermont, promotes our reputation in the industry, and safeguards the solvency of captive insurers while recognizing the special purpose for which they were created. The Division pursues this mission by:

  • Attracting and licensing quality programs whose primary purpose is risk management or risk financing
  • Performing ongoing financial surveillance
  • Performing periodic financial examinations
  • Implementing and enforcing laws and regulations
  • Developing effective and reasonable policies and procedures
  • Advancing the growth of Vermont’s captive industry

Vermont named top domicile for captive insurance in the U.S.

Captive ExaminersThe state of Vermont has again been named the top domicile for captive insurance in the United States. This is the fourth time Vermont has been honored with this award, which was presented by Captive Review Magazine at the Captive Service Awards held in Burlington on August 8, 2016.