Beginning on February 1, 2011 the Vermont Insurance Division will require most commercial lines filings to be accompanied by a signed certification and checklist stating that the filing is in compliance with all applicable Vermont laws, regulations and policies.
If you are an insurance carrier licensed or authorized to write workers compensation insurance in the Vermont voluntary market which has approved NCCI's Workers Compensation Insurance Plan, you must also participate in the involuntary market. You can do that by either becoming a member in the National Workers Compensation Reinsurance Association or a Direct Assignment carrier.
Note: In Vermont, two separate state agencies divide regulatory oversight of the Worker's Compensation system. The Insurance Division (Department of Financial Regulation) regulates issues relating to insurers and the insurance market, and the Department of Labor deals with program administration and issues relating to claims. The resources on this page are primarily for Vermont business owners and insurance industry members.
The following is a list of "commom causes" of omissions and/or filing errors which, in our observation, cause the majority of processing delays. For more details, please review a comprehensive exhibit of filing requirements by product line.
REGARDING FORMS
Vermont State Amendatory Endorsements New or updated State Amendatory endorsements must be included with any policy or coverage part filing.
Reference Filings Filings must include copies of forms, endorsements or rates being referenced. Per Regulation I-2010-03.
