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The document is an official notice from the Vermont Department of Financial Regulation requiring all licensees to submit an Annual Licensee Report for the year 2012 by April 1, 2013. It outlines the necessary forms and sections to be completed based on the type of license held, emphasizes that the report must be filed regardless of business activity, and warns of potential penalties for non-compliance.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

Who is the state auditor of accounts in Vermont?

Twenty-nine individuals have occupied the office of state auditor since statehood. The incumbent is Douglas R. Hoffer, a Democrat/Progressive.

Who holds auto insurance companies accountable?

Led by Insurance Commissioner Ricardo Lara, the California Department of Insurance is the consumer protection agency for the nations largest insurance marketplace and safeguards all of the states consumers by fairly regulating the insurance industry.

Who are the main regulators of insurance companies?

Introduction. Insurance is regulated by the states. This system of regulation stems from the McCarran-Ferguson Act of 1945, which describes state regulation and taxation of the industry as being in the public interest and clearly gives it preeminence over federal law. Each state has its own set of statutes and rules.

What is the meaning of DFR in finance?

Division of Financial Regulation (DFR)

Who regulates insurance companies in Vermont?

The Department of Financial Regulation Globally recognized as a leader in the captive insurance arena, the Department consists of four divisions Banking, Captive Insurance, Insurance, Securities and an administrative office that includes the Commissioner Office and legal staff.

How to regulate insurance companies?

The regulation of insurance companies is split between the states and the federal government. Each of the 50 states regulates the operations of insurance businesses within its borders and has its own laws concerning the appropriate contractual terms that parties to an insurance contract are allowed to enter into.

What are the insurance laws in Vermont?

Minimum insurance requirements for Vermont The minimum amount of Vermont auto insurance coverage is $25,000/$50,000/$10,000. In the event of a covered accident, your limits for bodily injury are $25,000 per person, with a total maximum of $50,000 per incident.

What is Vermont disclosure?

Mandatory Consumer Disclosure Vermont law requires all agents to perform basic duties when dealing with a buyer or seller. You can expect the agent with whom you deal to provide the following services whether you are a Customer or a Client: To disclose all material facts pertaining to the property known to the agent.

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