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Vermont Okays Securitized Deals For Captives

"Securitizations are set to grow over the next few years, and with our new legislation we feel Vermont will be an attractive jurisdiction for these types of transactions," said Leonard D. Crouse, Verm

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Vermont officials announced that Republican Gov. James Douglas has signed legislation into law allowing securitized transactions by captive insurers.

The signing ceremony took place before more than one hundred members of Vermont’s captive insurance community. Vermont is the largest captive domicile in the United States.

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