Get Vt General Instructions - Captive Application For Redomestication Or Merger Of An Existing 2018

This guide provides a clear and supportive walkthrough for users looking to complete the VT General Instructions - Captive Application for Redomestication or Merger of an Existing Foreign/Alien Captive Insurance Company to Vermont. By following these steps, you will ensure your application is filled out accurately and in compliance with the guidelines provided.

Follow the steps to complete your application accurately online.

1. Press the ‘Get Form’ button to obtain the Captive Application form and open it for editing in a suitable PDF reader.
2. Before diving into the form, coordinate a meeting with the Vermont Department of Financial Regulation (VTDFR) to discuss your captive’s business plan and ownership structure.
3. Fill out the applicant information section, including the captive name, NAIC number, current domicile jurisdiction, and the regulator's contact details. Pay close attention to details for accurate submissions.
4. Specify the type and organization form of your captive. Ensure you select the appropriate options from the available dropdown menus.
5. Complete question 7 regarding the Vermont principal place of business, keeping in mind that the captive must maintain its principal office in Vermont as per state statute.
6. Provide details for the proposed registered agent in Vermont, including their address.
7. Indicate the accounting basis in question 10 and explain any variations if 'Other Accounting' is selected.
8. Disclose current capital and surplus in section 12, including the total amount and location of shares.
9. If applicable, provide information on letters of credit in question 13, ensuring compliance with the specified language from the Vermont DFR’s Letter of Credit Form E-702.
10. Continue filling out the remaining sections, detailing beneficial ownership, statuary regulations, and enclosing necessary financial documents as outlined in question 25.
11. Once completed, save your document locally for your records. Remember, the application must be printed, signed, and mailed to the Vermont DFR along with any required fees and supporting documents.

Complete the VT Captive Application online today to ensure a smooth redomestication or merger process.