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.
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.
Clifford Peterson, DFR general counsel, 802-828-1316
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.
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.
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.
STATE OF VERMONT DEPARTMENT OF FINANCIAL REGULATION
IN THE MATTER OF: HENRY CORRAO
EKN FINANCIAL SERVICES, INC.
Docket No. 11-007-S
On February 25, 2011 the Commissioner of the Department of Financial Regulation ("Department") issued a Consent Order imposing several conditions on the
securities registration of Henry Corrao, CRD# 1455690. These conditions also imposed obligations on EKN Financial Services, Inc CRD# 113525, by virtue of
its responsibility to reasonably supervise Henry Corrao.
The terms of the previous Order, Docket number 11-007-S provided for rescission upon request and pursuant to the Commissioner's discretion. EKN Financial
Services, Inc and Henry Corrao have requested a recission and the Commissioner has approved this request.