Foreign Risk Retention Groups and Foreign Purchasing Group Information

The Department receives numerous calls on what constitutes a Foreign Risk Retention Group and a Foreign Purchasing Group.  The simple definition is a risk retention group or purchasing group chartered and licensed in states other than Vermont.  If you are a Risk Retention Group licensed in the State of Vermont, please click this link to go to the Vermont Risk Retention Group information page.  Otherwise, read on!

At the bottom of this page are links to applications and forms for companies interested in registering to do business in Vermont as a Foreign Risk Retention Group or a Foreign Purchasing Group.  The application and forms must be filled out in their entirety, should include all material required, and be submitted in hard copy; we are unable to accept electronic copies at this time.  No incomplete package will be accepted.  There are presently no initial or annual filing fees.

Risk Retention Groups

If you are a Risk Retention Group licensed in a state other than Vermont and would like to register to do business in Vermont, please submit the following material:

1. A copy of the original application package provided to your current state of domicile.
2. NAIC Risk Retention Group Application.
3. NAIC Risk Retention Group Reporting Form.
4. NAIC Risk Retention Group Power of Attorney Form.
5. A copy of license from your current state of domicile.
6. Certificate of Good Standing from your current state of domicile (no older than 60 days).
7. A copy of the original plan of operations and feasibility study and any revisions, if applicable.

Risk Purchasing Groups

If you are a Purchasing Group domiciled in a state other than Vermont and would like to register to do business in Vermont, please submit the following material:

1. NAIC Risk Purchasing Group Application.
2. NAIC Risk Purchasing Group Power of Attorney Form.
3. Evidence that you are qualified as a purchasing group in your current state of domicile (evidence to be no older than 60 days).

Required Filings

If you are a Foreign Risk Retention Group or a Foreign Purchasing Group registered in Vermont, you are required to file some standard information to the State of Vermont.  Click here to see the list of required filings and due dates.

Where to Send

Notice & Registration Filings and General Information

Producer Licensing Information

Premium Tax Information

Mailing address for tax returns:

Applications and Forms