Vermont cuts premium tax for captives. (captive insurance companies)(Alternative Market Report: Captives): An article from: National Underwriter Property & Casualty-Risk & Benefits Management

This digital document is an article from National Underwriter Property & Casualty-Risk & Benefits Management, published by The National Underwriter Company on March 22, 1993. The length of the article is 827 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: Vermont, which is the leading domestic domicile for captive insurance companies, is trying to consolidate that position by lowering its tax rates on captives' insurance premiums. The current .07% tax rate on captive insurers with turnover of up to $20 million will be reduced to .06% in 1994, .05% in 1995 and 0.4% in 1996. The current .05% tax rate on captive insurers with turnover of $20-40 million will drop to .04% in 1994 and 0.3% in 1995. The current 0.3% tax rate on captive insurers with turnover of $40-60 million will drop to 0.2% in 1994, and the .01% tax rate on captives with turnover of over $60 million will drip to .0075% in 1994.

Citation Details
Title: Vermont cuts premium tax for captives. (captive insurance companies)(Alternative Market Report: Captives)
Author: Chistopher Dauer
Publication:National Underwriter Property & Casualty-Risk & Benefits Management (Magazine/Journal)
Date: March 22, 1993
Publisher: The National Underwriter Company
Issue: n12 Page: p9(2)

Distributed by Thomson Gale