Adoption of Corporate Coverage Annual Disclosure Regulation

VERMONT State of Vermont Department of Financial Regulation 89 Main Street Montpelier, VT 05620-3101 For consumer assistance: [Banking] 888-568-4547 [Insurance] 800-964-1784 [Securities] 877-550-3907 www.dfr.vermont.gov # Vermont Department of Financial Regulation # Division of Insurance # Insurance Bulletin No. 185 # ADOPTION OF CORPORATE GOVERNANCE ANNUAL DISCLOSURE REGULATION The purpose of this Bulletin is to notify insurers, or the insurance group of which the insurer is a member, required to file a Corporate Governance Annual Disclosure (CGAD) by Act 10 of the 2015 Session of the General Assembly of the State of Vermont, that the Vermont Department of Financial Regulation (“Department”) is in the process of adopting the Corporate Governance Annual Disclosure Regulation. The Department anticipates that the Regulation will be in full force and effect by late 2015. The Corporate Governance Annual Disclosure Regulation will be modeled on the National Association of Insurance Commissioners (NAIC) Model Regulation. Insurers and insurance groups may rely on the NAIC Model Regulation as they prepare to file their CGADs by the first filing deadline of June 1, 2016. This bulletin shall expire upon the effective date of the Corporate Governance Annual Disclosure Regulation as adopted by the Department. Dated: 6/1/15, 2015 Susan L. Donegan Banking 802-828-3307 Insurance 802-828-3301 Captive Insurance 802-828-3304 Securities 802-828-3420