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People Also Ask about
Who is the Commissioner of Financial Regulation in Vermont?
In July 2022, Kevin Gaffney was appointed Commissioner of the Department of Financial Regulation by Governor Phil Scott.
What is DFR in finance?
Home Page | Department of Financial Regulation.
What is the Vermont Department of Financial Regulation captive division?
The Captive Insurance Division of the Vermont Department of Financial Regulation focuses on maintaining a regulatory system that attracts quality business to Vermont, promotes the state reputation in the industry, and safeguards the solvency of captive insurers while recognizing the special purpose for which they were
What are the capital requirements for captive insurance in Vermont?
8, § 6001). Connecticut and Vermont require at least $500,000 of capital and surplus.
Who regulates insurance companies in Vermont?
The Insurance Division regulates all insurance companies, agents and adjusters doing business in Vermont. The department can take insurance complaints from consumers related to auto, homeowners, life, annuity, major medical, dental, long-term care, medicare supplement, or other types of insurance coverage.
Who is the Commissioner of Banking and insurance in Vermont?
The current commissioner of the Commissioner of the Vermont Department of Financial Regulation is Michael Pieciak.
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What is department of financial regulation?
The department of financial regulation is a government agency responsible for overseeing and regulating financial institutions and industries to protect consumers, investors, and the overall economy.
Who is required to file department of financial regulation?
Certain financial institutions and companies are required to file reports with the department of financial regulation to ensure compliance with regulations.
How to fill out department of financial regulation?
To fill out the department of financial regulation forms, companies need to provide detailed financial information and reports as required by the regulatory authorities.
What is the purpose of department of financial regulation?
The department of financial regulation aims to maintain stability and transparency in the financial sector, protect consumers from fraud and abuse, and uphold the integrity of financial markets.
What information must be reported on department of financial regulation?
Companies are required to report their financial statements, operations, risks, and any other relevant information that the regulatory authorities may request.
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