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Use the information at this site to answer the following questions:
https://www.vermontcaptive.com
1) What is the premium tax rate for business written by a Vermont captive insurer? (Click on the Forming & Operating A Captive then Select Captive Fees to see the premium tax rate)
a) How much surplus and capital are necessary to start a pure captive, an association captive, and a risk retention group in Vermont? (under "Laws & Regulations," click on "Vermont Laws," and then click on the "Title 8 Vermont Statutes Annotated" link. See page 3 and page 4 to answer this question and the following question.)
b) Does the surplus and capital requirement have to be met through cash? Explain. (see Section 6004, part (c))
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