Captive Association To Stage Road Shows

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By Caroline McDonald

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NU Online News Service, Oct. 1, 1:53 p.m.EDT?The Vermont Captive InsuranceAssociation and Vermont officials said they will go on the road tostage seminars explaining how captive insurance organizationsfunction in their state and their strategic advantages.

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The seminars will be held in Texas and Massachusetts this fall,in order to make them easily accessible, said VCIA.

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Molly Lambert, president of VCIA, told NationalUnderwriter that taking the seminars on the road "bringsVermont to those locations" and creates a "showcase for how we dothings."

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What's important about these seminars, she said, is that "webring with us the chief Vermont regulators."

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She noted, "I can't tell you how many people have said to me, ?Ican't imagine that any regulator from our state would devote thetime and attention to this kind of exercise that these people do.'It sends a real message what it's like to do business in thisindustry in Vermont."

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Ms. Lambert explained that locations are chosen based on thenumber of captive owners in the area and interest.

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Seminar panelists will include captive owners from companies inthe region where the meetings are held, as well as Len Crouse,Deputy Commissioner of Captive Insurance from the State of Vermont.The seminars are free, but reservations are required.

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Presenters will discuss, "Understanding the Strategic Advantagesof Captives, Regardless of Market Conditions," and also describethe captive climate and regulatory requirements in Vermont, thelargest U.S. domicile, according to VCIA.

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The first seminar will be held in San Antonio, Texas, Oct. 15 at3:30 p.m. at the Westin La Cantera Resort, VCIA said.

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On Nov. 6, a seminar and reception will be held in Newton,Mass., at 3:30 p.m. at the Sheraton Newton Hotel.

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At the conclusion of the seminars, a reception will be held togive those new to the captive industry a chance to network withVCIA members in attendance.

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Details and online registration are provided on theassociation's Web site at www.vcia.com.

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