Vermont § 6041 - Establishment of a branch captive insurance company
Full text of Vermont Vermont Statutes Online § 6041 — Establishment of a branch captive insurance company, with citation guidance and answers to common questions.
§ 6041. Establishment of a branch captive insurance company
- (a) A branch captive insurance company may be established in this State in accordance
with the provisions of this chapter, including subdivision 6002(c)(3) of this chapter.
In addition to the general provisions of this chapter, the provisions of this subchapter
shall apply to branch captive insurance companies. (b) No branch captive insurance company shall do any insurance business in this State
unless it: (1) maintains the principal place of business for its branch operations in this State; (2) appoints a principal representative in this State who is a resident of this State;
and (3) designates the Commissioner as its agent of such branch captive insurance company
upon whom any process, notice, or demand may be served. (c) As used in this section, “principal representative” shall mean a person designated
as such by the branch captive insurance company as its principal representative on
such forms and with such information as required by the Commissioner. (d) The provisions of subsection 6006(f) of this title shall not apply to branch captive insurance companies formed in this State. (Added 2003, No. 55, § 9; amended 2013, No. 29, § 51, eff. May 13, 2013; 2017, No. 90 (Adj. Sess.), § 4, eff. March 8, 2018; 2023, No. 110 (Adj. Sess.), § 14, eff. July 1, 2024.)
Source: official Vermont text · Last verified 2026-08-27
Frequently Asked Questions About Vermont § 6041
What does Vermont Statutes Online § 6041 cover?
Section 6041 ("Establishment of a branch captive insurance company") is part of the Vermont Statutes Online, the codified statutory law of Vermont. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Vermont § 6041?
A common citation format is "Vermont Statutes Online § 6041" (Vermont). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Vermont law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Vermont official source linked on this page or consult a licensed Vermont attorney.
How does Vermont § 6041 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Vermont can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Vermont.