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Application for Authorization to Certify Loss Reserves and Loss Expense Reserves for Captive Insurance Companies - Vermont
Application for Authorization to Certify Loss Reserves and Loss Expense Reserves for Captive Insurance Companies is a legal document that was released by the Vermont Department of Financial Regulation - a government authority operating within Vermont.
FAQ
Q: What is the application for?
A: The application is for authorization to certify loss reserves and loss expense reserves for captive insurance companies in Vermont.
Q: Who needs to fill out this application?
A: Captive insurance companies in Vermont who want to certify their loss reserves and loss expense reserves.
Q: What does it mean to certify loss reserves?
A: Certifying loss reserves means providing an official estimation of the amount of money needed to cover potential losses.
Q: Why do captive insurance companies need authorization?
A: Authorization is required to ensure that captive insurance companies are capable of properly estimating and covering potential losses.
Q: What is a captive insurance company?
A: A captive insurance company is an insurance company that is created and wholly owned by one or more non-insurance companies to insure the risks of its owners.
Form Details:
- Released on February 1, 2019;
- The latest edition currently provided by the Vermont Department of Financial Regulation;
- Ready to use and print;
- Easy to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a fillable version of the form by clicking the link below or browse more documents and templates provided by the Vermont Department of Financial Regulation.
Download Application for Authorization to Certify Loss Reserves and Loss Expense Reserves for Captive Insurance Companies - Vermont
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