Bill
H 649
Vermont bill H 649 modifies captive insurance company regulations, advancing through legislative passage to affect specialized corporate insurance operations and state financial services competition.
H 649 is a Vermont bill that modifies regulations governing captive insurance companies—specialized insurance entities typically owned by corporations or groups to insure their own risks. The bill has passed its third reading in the Vermont legislature as of March 2026, indicating it is progressing toward final enactment. The specific provisions are not detailed in the legislative record provided, but the bill addresses the regulatory framework for these alternative insurance mechanisms.
Captive insurance companies represent a significant segment of Vermont's economy, generating substantial tax revenue and employment in the insurance sector. Changes to captive insurance regulations can affect business competitiveness, insurance accessibility for specialized risks, and state revenue. Vermont has positioned itself as a leading jurisdiction for captive insurance domicile, making regulatory adjustments consequential for the state's financial services industry.
Compiled from official sources — confirm details with the bill’s official record.
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