Vermont § 6001 - Definitions As used in this chapter, unless the context requires otherwise:

§ 6001. Definitions As used in this chapter, unless the context requires otherwise:

• (1) “Affiliated company” means any company in the same corporate system as a parent, an
  industrial insured, or a member organization by virtue of common ownership, control,
  operation, or management. (2) “Agency captive insurance company” means a captive insurance company that is owned
  or directly or indirectly controlled by one or more insurance agencies or brokerages
  licensed under the laws of any state and that only insures risks of policies that
  are placed by or through such agency or agencies, or brokerage or brokerages, as applicable. (3) “Association” means any legal association of individuals, corporations, limited liability
  companies, partnerships, associations, or other entities, the member organizations
  of which or which does itself, whether or not in conjunction with some or all of the
  member organizations: (A) own, control, or hold with power to vote all of the outstanding voting securities
  of an association captive insurance company incorporated as a stock insurer; or (B) have complete voting control over an association captive insurance company incorporated
  as a mutual insurer; or (C) constitute all of the subscribers of an association captive insurance company formed
  as a reciprocal insurer; or (D) have complete voting control over an association captive insurance company formed
  as a limited liability company. (4) “Association captive insurance company” means any company that insures risks of the
  member organizations of the association and that also may insure the risks of affiliated
  companies of the member organizations and the risks of the association itself. (5) “Captive insurance company” means any pure captive insurance company, association
  captive insurance company, sponsored captive insurance company, industrial insured
  captive insurance company, agency captive insurance company, risk retention group,
  affiliated reinsurance company, or special purpose financial insurance company formed
  or licensed under the provisions of this chapter