Proposed Rules and Regulations

Online Posting of prescription Drug Formularies by Health Insurers

Provides consumers and health care providers with information to make informed choices of prescriptions including cost that is specific to a plan selection that is available on Vermont Health Connect.

Contact Info: David Martini 802 828 4846, David. Martini@vermon.gov

Deadline for comment 9/27/2016

Public Hearing 9/20/2016 11:00 A.M. Department of Financial Regulation 89 Main St., Montpelier, VT 05620

Full text of proposed regulation


H-2009-03 Consumer Protection and Quality Requirements for Managed Care Organizations

These amendments reduce the outdated reporting requirements of Managed Care Organizations. The rule provides for deeming of quality assurance requirements if accredited by an approved accreditation organization and participation in the Blue Print for Health. Consumer protections remain unchanged.

Contact info: David Martini 802 828 4846, David.Martini@vermont.gov

Deadline for comments: 9/27/2016

Public Hearing 9/20/2016 9:00 A.M. Department of Financial Regulation, 89 Main St, Montpelier, VT 05620

Full text of proposed regulation

Full text with strikeouts


Regulation B-2012-01 _ Credit Union Member Business Loans

The Department of Financial Regulation (“Department”) intends to repeal its Credit Union Member Business Loans regulation, Regulation B-2012-01.  In order to be effective, a state’s member business loan regulation must be approved by the National Credit Union Administration (“NCUA”).  12 CFR §723.20.  The NCUA did not approve the Department's regulation.  Thus, Regulation B-2012-01 is unenforceable.

Vermont state chartered credit unions making member business loans will still be subject to the NCUA Member Business Loan regulation, 12 CFR Part 723, rather than the Department's Regulation B-2012-01. Pursuant to 8 V.S.A. §32402, a Vermont state chartered credit union must still obtain the Department’s prior written approval before engaging in the business of making member business loans.

Contact Person:  Sue S. Clark, 802-828-3307, sue.clark@vermont.gov

Public Hearing:  9/27/2016 at 10:00 a.m., Department of Financial Regulation, 89 Main Street, Montpelier, VT

Deadline for Comments: 10/5/2016

Full text of proposed regulation


Filing Rule for Federal Covered Securities described in Section 18(b)(4)(d) of the Securities Act of 1933

This rule, which provides the filing requirements for securities offered under Regulation D, Rule 506, is superseded by Vermont Securities Regulations S-2016-01.  The Vermont Securities Regulations establish a comprehensive set of regulations governing the sale of securities in the state of Vermont, including the Regulation D, Rule 506 filing requirements addressed by this rule.

Contact Info: Nicole Mazur 802-828-0030; nicole.mazur@vermont.gov

Deadline for Comment:  8/26/16

Public Hearing:  8/19/2016 10:00 A.M. 3rd floor large conference room, Department of Financial Regulation, 89 Main Street, Montpelier, VT, 05620

Full text of proposed regulation


 

Vermont Small Business Offerings

This rule, which provides the registration exemption and the filing requirements for Vermont small business offerings, is superseded by Vermont Securities Regulations S-2016-01.  The Vermont Securities Regulations establish a comprehensive set of regulations governing the sale of securities in the state of Vermont, including the registration exemption and the filing requirements for Vermont small business offerings addressed by this rule.

Contact Info: Nicole Mazur 802-828-0030; nicole.mazur@vermont.gov

Deadline for Comment:  8/26/16

Public Hearing:  8/19/2016 10:00 A.M. 3rd floor large conference room, Department of Financial Regulation, 89 Main Street, Montpelier, VT, 05620

Full text of proposed regulation


B-2016-01 Vermont Disclosure Form – Amount to be Financed in a Motor Vehicle Retail Installment Contract

The proposed rule modifies the Vermont Disclosure Form Relating to Amount Financed in a Motor Vehicle Retail Installment Contract required by 9 V.S.A.  § 2355(f)(1)(J) to clarify the calculation of “Cash Price” to ensure that the Vermont guidance is consistent with federal law.

The public hearing on the proposed rule will be held on August 4, 2016, at 11:00 A.M. in the 3rd floor large conference room at the Vermont Department of Financial Regulation, City Center, 89 Main Street, Montpelier, VT 05620-3101.

For questions please contact: Karla Nuissl at (802) 828-2963.

The deadline for public comment is August 12, 2016.

Full text of the proposed regulation


Regulation H-2009-02 (Revised)Health Care Stop Loss Insurance

The proposed rule updates the Department’s existing stop loss regulation to reflect changes in insurance laws, trends, and policies, and provides certain protections for small businesses by preventing the practice of lasering in stop loss policies.

The public hearing will be held on July 8th, 2016, at 3 P.M. in the 3rd floor large conference at the Dept. of Financial Regulation, 89 Main Street, Montpelier.

For questions contact:  Emily Kisicki at 802-828-2904; email:  emily.g.kisicki@vermont.gov

The deadline for public comment is July 15, 2016.

Full text of the proposed regulation