Vermont Statutes Title 8 Sec. 6047
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Terms Used In Vermont Statutes Title 8 Sec. 6047
- Branch business: means any insurance business transacted by a branch captive insurance company in this State. See
- 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
§ 6047. Taxation of branch captives
In the case of a branch captive insurance company, the tax provided for in section 6014 of this title shall apply only to the branch business of such company. (Added 2003, No. 55, § 9.)