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 either of the following payee names: 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%

 


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.