Congratulations to Vermont’s Department of Financial Regulation on the State being ranked #1 with an A+ from the annual R Street 2014 Insurance Regulation Report Card! Vermont repeated it’s A+ grade from 2013 and it’s not a surprise.
The report tracks 12 broad categories, most consisting of several variables, covering areas such as: insurer solvency, fraud, efficiency, flexibility, transparency and politicization of insurance regulation in the states, and states’ willingness to take part in cutting-edge regulatory modernization initiatives.
Of course, those of us in the captive insurance industry would add that Vermont also has the largest group of experienced, accessible, and knowledgeable captive insurance regulators of any domicile. Pretty cool for a state that has been known more for its maple sugar than insurance regulation!
Thank you all very much, and I look forward to hearing from you soon!