Minimum capital and surplus

08 V.S.A. ch. 141, § 6048g, under Chapter 141: Captive Insurance Companies.

08 V.S.A. ch. 141, § 6048g

§ 6048g. Minimum capital and surplus

A special purpose financial insurance company shall not be issued a license unless it shall possess and thereafter maintain unimpaired paid-in capital and surplus of not less than $5,000,000.00. (Added 2007, No. 49, § 17; amended 2013, No. 29, § 58.)