Membership Categories
VCIA has four membership categories:
- Captive (full)
- Associate
- Affiliate
- Honorary
Full Members
A Full member is any licensed captive insurer formed under VSA Title 8: Any captive management company authorized by the Vermont Department of Banking, Insurance, Securities and Health Care Administration. Full members serve on committees, the board and have voting privileges.Membership is corporate; however, each full member company can designate up to 30 member contacts / individuals that will receive full member benefits. Contacts can be changed at any time if necessary.
- Dues: $900 U.S. per year
Associate Members
An Associate member is any person or firm engaged in the provision of products or services to captive insurance companies. Associate members may serve on committees and the board but do not have voting privileges. Membership is corporate; however, each associate member company can designate up to 20 member contacts / individuals that will receive full member benefits. Contacts can be changed at any time if necessary.
- Dues: $950 U.S. per year
Affiliate Members
An Affiliate member is a foreign or alien captive; a captive affiliate (related legal entity to a Vermont licensed captive member); a cell of a sponsored captive; an interested party that does not qualify under the definitions of either a Full or Associate membership. Affiliate members may serve on committees but cannot serve on the board and do not have voting privileges. Membership is corporate; however, each affiliate member company can designate up to 10 member contacts / individuals that will receive full member benefits. Contacts can be changed at any time if necessary.
- Dues: $650 U.S. per year
Honorary Membership
An Honorary Member is any person or entity elected by the Board of Directors to receive a lifetime membership in VCIA. Honorary members have no voting privileges.
Please note
A portion of membership dues is tax deductible as a business expense. The estimated non-deductible portion of your dues to be expended on lobbying efforts is 20%. For more information regarding Federal Law, please contact your tax advisor.
