The Captive Insurance Team at Paul Frank + Collins provides captive insurance representation and tax advice to a diverse list of clients with captives in Vermont, New York, South Carolina, Arizona, and Missouri. Our clients include many of the largest Fortune 500 Companies to middle market companies. We are dedicated to supporting the sophisticated and diverse insurance programs that evolve with our clients’ needs, often decade after decade.
As the premier on-shore captive domicile, Vermont is considered the “gold standard” of captive insurance regulation and we represent approximately one-third of active captives domiciled in Vermont. The captive insurance law team of PF+C has the depth and breadth of experience to successfully guide its clients through the entire spectrum of captive formation and maintenance including incorporated cell captives, group captives, and risk retention groups.
PF+C has been a recognized authority and leader in the captive insurance industry since 1981, when the Vermont Legislature enacted Vermont captive insurance statutes thereby creating the Vermont captive domicile. To this end, lawyers in our captive insurance group serve or have served on the board of directors and chairperson of the Vermont Captive Insurance Association (the “VCIA”), various committees of the VCIA including the Legislative and annual Conference Committees, the Government Affairs Committee of the National Risk Retention Association, and as faculty of the International Center for Captive Insurance Education. We were instrumental in drafting the 1991 redomestication statute, which facilitates the redomiciling of captives both to and from Vermont and have since that time handled numerous redomestications between states and with the island of Bermuda and the Cayman Islands. More recently, PF+C assisted in the drafting of Vermont’s protected and incorporated cell captive statute and with Vermont’s corporate governance standards for risk retention groups enacted by the Vermont legislature in 2015.
Click here to read what Ben Gould and Stephanie Mapes have to say about RRG governance standards: How Regulators, Lawyers, and RRGs View the Governance Standards in Vermont by Christopher Diemel, Managing Editor, Risk Retention Reporter
Stephanie Mapes Elected to VCIA Board of Directors – click to read more!