Vermont law requires insurance carriers that conduct business in Vermont to submit an annual accurate and complete report of their business. Under 8 V.S.A. § 3561, the Commissioner may require the filing of supplemental information.
The Annual Statement Supplement Report is filed with the Department of Financial Regulation by managed care plans and licensed insurers on an annual basis. The companies report information including enrollment and earned premium for Vermont residents enrolled in fully insured plans. Although the Department edits and attempts to verify questionable data, accuracy depends upon the quality of data submitted by carriers.