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.
If you are a Risk Retention Group domiciled in a state other than Vermont and would like to register to do business in Vermont, please submit the following material:
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:
If you are a Foreign Risk Retention Group or a Foreign Purchasing Group registered in Vermont, you are required to file information with the State of Vermont. Click here to see the list of required filings and due dates.
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