The Captive Insurance coverage Division of the Vermont Division of Monetary Regulation focuses on sustaining a regulatory system that pulls high quality enterprise to Vermont, promotes the state popularity within the business, and safeguards the solvency of captive insurers whereas recognizing the particular function for which they have been created. The division pursues its mission by:
- Attracting and licensing high quality packages whose major function is danger administration or danger financing;
- Performing ongoing monetary surveillance;
- Performing periodic monetary examinations;
- Implementing and implementing legal guidelines and rules;
- Growing efficient and cheap insurance policies and procedures; and
- Advancing the expansion of Vermont’s captive business.
Deputy Commissioner Sandy Bigglestone
As Deputy Commissioner of the Captive Insurance coverage Division of the Vermont Division of Monetary Regulation, Sandy Bigglestone oversees an intensive crew of examiners, analysts and administrative workers accountable for the administration and regulation of captive insurance coverage corporations and danger retention teams.
Deputy Commissioner Bigglestone transitioned into her present management place in September 2022, capping over 1 / 4 century profession within the captive insurance coverage business. A extremely regarded regulator amongst business friends, Ms.Bigglestone has been a part of the DFR Captive Insurance coverage Division since 1997, serving the final 14 years as principal workers member to her predecessor. She holds an Affiliate Skilled in Insurance coverage Regulation designation from the Nationwide Affiliation of Insurance coverage Commissioners and is a Licensed Public Accountant, Licensed Monetary Examiner, and Licensed Public Supervisor with the State of Vermont. In 2018, Enterprise Insurance coverage awarded her the Girls to Watch Award for her management, experience and accomplishments within the captive insurance coverage business, and the 2022 Captive Evaluate Energy 50, which acknowledges professionals having essentially the most affect throughout the international captive insurance coverage business, lists her at quantity 9.
Vermont Division of Monetary Regulation • Captive Insurance coverage Division
89 Principal Road • Montpelier, VT • 05620-3101
802-828-3304 • Principal Division Line
Click on right here to find and phone particular person workers.
Division Emails by Enterprise Goal
|Goal of Correspondence||E mail Handle|
|Basic captive data and inquiries||[email protected]|
|Captive mail correspondence requiring regulatory approval (together with however not restricted to alter of marketing strategy, 5-yr professional forma, permitted observe, mortgage, dividend, waiver or extension); or normal notifications (together with however not restricted to alter of officer/director, change in service supplier)||[email protected]|
|Captive monetary filings (together with however not restricted to all NAIC and non-NAIC/Vermont home associated regulatory monetary filings, supplemental filings, audited monetary assertion, actuarial submitting, possession [parent] financials, reinsurer financials)||[email protected]|
For Vermont home e-mail correspondence – embrace the Vermont License #/Captive Title within the topic line.