Vermont (as a domiciled state for RRGs)

Vermont is known as a favorable domiciled state for Risk Retention Groups (RRGs), meaning it’s a popular legal home where these specialized insurance companies are formed and registered. RRGs are groups of businesses in the same industry that band together to self-insure. Vermont’s laws and regulations are business-friendly, with clear statutory guidance, a stable legal environment, and a dedicated insurance division, making it easy and secure for RRGs to operate. This reputable environment encourages organizations to establish and maintain their risk management structures within Vermont.