The Rates and Forms section is responsible for reviewing and approving insurance company filings for products and pricing. The section serves to protect consumers by ensuring that filings comply with Vermont's laws, regulations and bulletins. In addition, the section serves as a technical resource for consumers, industry and other interested parties.
Chapter 128 of Title 8, Vermont Statutes Annotated, requires insurance companies doing business in Vermont to submit rate information to the Department of Financial Regulation in order to monitor competition.
Per Title 8: §3879-3883 / Fire & Casualty and §4711 / Property & Casualty policies, mid-term cancellations must be submitted to the insurance commissioner for approval. All mid-term cancellation requests must have the following information:
Welcome to Department of Financial Regulation's health insurance rate review home page. We hope the information on the following pages will help give you a basic understanding about health insurance premiums/rates as well as the review and approval process that is undertaken by the state to establish these premiums/rates. Check back often as we will update regularly with new information.
All health insurance rates are subject to review in Vermont. Comprehensive Major Medical filings submitted to the Department before January 1, 2014 will be reviewed by a Department Rate Analyst, the Director of Rates and Forms, and an Actuarial Consultant, the Green Mountain Care Board (GMC Board) and the Health Care Ombudsman.