Welcome to the Department of Financial Regulation

The Department of Financial Regulation's job is to protect consumers against unfair and unlawful business practices in the areas of banking, securities (investments) and insurance, while ensuring that licensed entities are financially healthy. It regulates and monitors a broad spectrum of financial services activities. The chief regulator of the Department is Commissioner Susan L. Donegan.

Coverage For Telemedicine Services

Bulletin
Monday, October 1, 2012
Insurance Bulletin #170

Purpose:  The purpose of this bulletin is to notify health insurers that pursuant to Act 107 of 2012, An Act Relating to Telemedicine, all health insurance plans issued in Vermont must include coverage for telemedicine services.

File attachments: 

http://www.dfr.vermont.gov/sites/default/files/Bulletin_170_telemedicine_services.pdf

State and VSECU reach agreement on use of the word "bank"

Clifford Peterson, DFR general counsel, 802-828-1316
Fri, 10/05/2012

MONTPELIER – The Vermont State Employees Credit Union (VSECU) and the Vermont Department of Financial Regulation (DFR) announced Oct. 5, 2012, that an agreement has been reached on when VSECU and other state-chartered credit unions can use the words “bank,” “banking” and similar words. Vermont state statutes prohibit credit unions from using such words unless the commissioner of DFR finds the use would not be misleading or confuse consumers as to the nature of the institution.

Clarification of the application of 8 V.S.A. § 14103 to state-chartered credit unions

Bulletin
Friday, October 5, 2012
Banking Bulletin #37

File attachments: 

http://www.dfr.vermont.gov/sites/default/files/Banking_Bulletin_37_0.pdf

Vermont named top domicile for captive insurance services

The state of Vermont has been awarded the top US Domicile for “excellence in captive insurance services.” The award was presented by Captive Review Magazine during the inaugural U.S. Captive Services Awards on Sept. 10, in Chicago.  The awards ceremony was attended by more than 200 captive management professionals.

A smart plan to prepare for disaster includes insurance protection

Wildfires, flooding, tornadoes, hurricanes - disasters strike everywhere in the U.S. That's why it is improtant to make sure your insurance needs are in order, especially your homeowners' or renter's policies. The Department of Financial Regulation, Division of Insurance encourages you to take some time to refamilarize yourself with your policies and to address any questions with your insurance agent or company.<--break->

In the matter of: Henry Corrao and EKN Financial Services

Order
Wednesday, July 18, 2012
Docket No. 11-007-S

 

Order rescinding the consent order issued on February 25, 2011 in the above captioned case.
 

File attachments: 

http://www.dfr.vermont.gov/sites/default/files/sec-11-007-S.pdf