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What's ARC? A New Insurance Product Could Be A Moneymaker For Vermont

An affiliate reinsurance company, or ARC, is an insurance product the Dept. of Financial Regulation thinks could bring new business to Vermont, similar to captive insurance.
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An affiliate reinsurance company, or ARC, is an insurance product the Dept. of Financial Regulation thinks could bring new business to Vermont, similar to captive insurance.

Vermont's Department of Financial Regulation is home to a captive insurance division that stealthily regulates over 600 companies registered in the state and brings in around $25 million a year. Now the division is offering another insurance product it hopes could bring additional business to the state: it's called ARC, short for an affiliate reinsurance company.

Commissioner Mike Pieciak with the Department of Financial Regulation joins Vermont Edition to explain what ARC is, how it takes advantage of changes in the U.S. tax code and how Vermont is already offering ARC regulation to companies registered in Vermont. 

Broadcast live on Tuesday, April 23, 2019 at noon; rebroadcast at 7 p.m.

Ric was a producer for Vermont Edition and host of the VPR Cafe.
Jane Lindholm is the host, executive producer and creator of But Why: A Podcast For Curious Kids. In addition to her work on our international kids show, she produces special projects for Vermont Public. Until March 2021, she was host and editor of the award-winning Vermont Public program Vermont Edition.
Matt Smith worked for Vermont Public from 2017 to 2023 as managing editor and senior producer of Vermont Edition.
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