The Vermont Department of Banking, Insurance, Securities and Health Care Administration (BISHCA) works to protect the residents of Vermont from unfair and unlawful practices. It also seeks to ensure that the companies licensed to sell insurance and annuity products within the state are fiscally sound and able to meet their future financial obligations. It works on behalf of consumers to provide appropriate regulation and to make sure that all companies and individuals within the industry operate lawfully.
Vermont Insurance Commissioner
Steve Kimbell became Commissioner of Banking, Insurance, Securities and Health Care Administration (BISHCA) for the state of Vermont in January of 2011. A resident of Vermont since 1973, Commissioner Kimbell has long been involved in public policy issues. He has worked as a staff attorney, created a public affairs firm and a law firm, from which he retired in 2010. Mr. Kimbell also managed political campaigns for former governor Madeleine Kunin. He attended the University of Illinois and holds a J.D. from the University of Michigan. Commissioner Kimbell is also a veteran of the United States Marine Corps.
Vermont Annuity Resources
The BISHCA website has several articles about annuities that Vermont residents can access in order to learn more about the products and companies that sell them. However, most of the information is geared toward the companies that sell annuities, not the consumers who buy them. Some investors might find the information interesting, while others will not. The website is located at http://www.bishca.state.vt.us. For more information about annuity resources in Vermont, investors can contact the Department directly at (802) 828-3301.
|State Commissioner:||Steve Kimbell|
|Insurance Hotline:||(802) 828-3301|
|Annuity Guarantee Limit:||$100,000|