Company Licensing

The Vermont Insurance Division oversees and regulates the insurance industry in Vermont.  The Company Licensing Section monitors the financial stability of both domestic and foreign insurers licensed in Vermont.  In addition, the Section licenses or authorizes new insurers to do business in the state.

The Section's objective is two-fold:

  • To detect, as early as possible, the financial deterioration of insurers, which may lead to the restriction of a company’s authority to do business, thereby minimizing financial loss to policyholders and/or the Vermont Guaranty Associations; and
  • To license or authorize new insurers that meet the needs of Vermont policyholders, as well as the criteria for licensing.

 Please note the above does not pertain to Vermont Captive insurers or foreign risk retention groups.

 

NEW!  The Insurance Division has launched a web portal that allows insurance companies licensed in Vermont to update contact information and addresses electronically.  Companies can access the online Company Address Change Service by entering the company’s NAIC Company Code and its assigned PIN number.  PIN numbers have been sent to all insurers.  To access the portal, click the Company Address Change Service link to the left.