Vermont

 
Year captive legislation was passed
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Total number of captives as of year-end 2025
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Total new captives in 2025
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Total surrendered licenses in 2025
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Number of pure / single parent captives as of 2025
477
Number of group / association captives as of 2025
14
Number of risk retention groups (RRGs) as of 2025
82
Number of sponsored / cell company captives as of 2025
72
Number of individual cells / series as of 2024
403 (estimated)
Number of other types of captives (industrial insured, special purpose, SPFI, pooling, branch, agency) as of 2025
62
Types of captives allowed
  • Single parent captives
  • Association captives
  • Group captives
  • Protected cell/segregated portfolio companies
  • Risk retention groups
  • Special purpose captives
Number of full-time employees in captive regulatory department
36
Initial licensing and incorporating fees required by the domicile

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Annual requirements
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Annual fees
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Premium tax rate
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Dividend Distribution for Surplus Allowance
Yes upon approval
Minimum capital (broken out by type of captive)

Pure: $250,000
Sponsored: $100,000
Association/Industrial Insured: $500,000
RRG: $1,000,000
SPFI: $5,000,000

Applicable Acts/Enabling Legislation
Title 8, Vermont Statutes Annotated, Chapters 141, 142, and 142a
Captive Administrator’s name and contact information
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Speed of licensing
30 days or less
Regulator
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Address and contact information of Regulatory Department
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Website address
https://www.vermontcaptive.com/
State domicile association name and website
Vermont Captive Insurance Association, https://www.vcia.com/