.

Vermont Captive Division Fees & Taxes

Vermont Captive Fees

Activity

Related Fee

Initial Department Licensure

Initial Department Licensure (SPFI)

$500

$5,000

Actuarial Application Review

Actuarial Application Review (SPFI)

$5,000

$10,000

Annual License Renewal (Due April 1)

Annual License Renewal (SPFI) (Due April 1)

$500

$5,000

 

All checks in payment of fees or services should be made payable to the following payee: Vermont Department of Financial Regulation.

 

Vermont Premium Tax Rate
(Effective 1/1/2004 and for premiums written in calendar year 2004 and thereafter)

Millions of Dollars

Direct Premiums
Tax Rate

Assumed Premiums

0-20

.38%

.214%

20-40

.285%

.143%

40-60

.19%

.048%

60+

.072%

.024%

 

The Captive Insurance Premium Tax returns and payments are to be filed no later than the last day of February and are to be electronically filed and paid via the Vermont Department of Taxes online system , myVTax, at http://tax.vermont.gov/business-and-corp/miscellaneous-taxes#captiveinsu...

Please note: other or additional fees and taxes may be applicable to Special Purpose Financial Insurance Companies.  If you are forming  a Special Purpose Financial Insurance Company, please contact us directly to obtain additional information.