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Terms Used In Vermont Statutes Title 8 Sec. 6012

  • 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. See

§ 6012. Rating organizations; memberships

No captive insurance company shall be required to join a rating organization. (Added 1981, No. 28.)