The bill amends various sections of Title 8 of the Vermont Statutes Annotated, focusing on insurance regulation, confidentiality of investigation reports, and the governance of mutual and captive insurance companies. It establishes that all records from investigations and examinations by the Commissioner are confidential, with provisions for disclosure at the Commissioner's discretion. Additionally, the bill prohibits insurers from discriminating against affordable housing based on tenant income levels or property ownership structures. It also updates requirements for captive insurance companies, including filing timelines for rate information and the necessity for financial condition reports to be verified by authorized individuals.

Moreover, the bill introduces new regulations for virtual-currency kiosk operators to enhance consumer protection and transaction transparency. Operators must provide mandatory disclosures to customers regarding their rights and responsibilities, implement antifraud policies, and verify customer identities. A daily transaction limit is set for new and existing customers, and a moratorium on new kiosks is established until July 1, 2026. The bill also amends the requirements for corporators of mutual financial institutions, ensuring that all corporators are residents of the served geographic area and introducing new board composition requirements. The act is set to take effect on July 1, 2025, with specific provisions related to Medicare supplement insurance commencing on January 1, 2026.

Statutes affected:
As Introduced: 8-23, 8-3303, 8-4688(a), 8-4688, 8-6002(a), 8-6002, 8-6004(d), 8-6004, 8-6006, 8-6006a(a), 8-6006a, 8-6007(b), 8-6007, 8-6011(a), 8-6011, 8-6024(c), 8-6024, 8-6045, 8-6048d(c)(2), 8-6048d, 8-6048d(c), 8-6052(g), 8-6052
As Passed By the House -- Official: 8-23, 8-3303, 8-4688(a), 8-4688, 8-6002(a), 8-6002, 8-6004(d), 8-6004, 8-6006, 8-6006a(a), 8-6006a, 8-6007(b), 8-6007, 8-6011(a), 8-6011, 8-6024(c), 8-6024, 8-6045, 8-6048d(c)(2), 8-6048d, 8-6048d(c), 8-6052(g), 8-6052, 8-4724, 8-2504, 9-42, 8-4062b, 8-2577(f), 8-2577
As Passed By the House -- Unofficial: 8-23, 8-3303, 8-4688(a), 8-4688, 8-4724, 8-6002(a), 8-6002, 8-6004(d), 8-6004, 8-6006, 8-6006a(a), 8-6006a, 8-6007(b), 8-6007, 8-6011(a), 8-6011, 8-6024(c), 8-6024, 8-6045, 8-6048d(c)(2), 8-6048d, 8-6048d(c), 8-6052(g), 8-6052, 8-2504, 9-42, 8-4062b, 8-2577(f), 8-2577
As Passed by Both House and Senate -- Official: 8-23, 8-3303, 8-4688(a), 8-4688, 8-6002(a), 8-6002, 8-6004(d), 8-6004, 8-6006, 8-6006a(a), 8-6006a, 8-6007(b), 8-6007, 8-6011(a), 8-6011, 8-6024(c), 8-6024, 8-6045, 8-6048d(c)(2), 8-6048d, 8-6048d(c), 8-6052(g), 8-6052, 8-4724, 8-2504, 9-42, 8-4062b, 8-2577(f), 8-2577, 8-2571, 8-2574, 8-13301
As Passed by Both House and Senate -- Unofficial: 8-23, 8-3303, 8-4688(a), 8-4688, 8-4724, 8-6002(a), 8-6002, 8-6004(d), 8-6004, 8-6006, 8-6006a(a), 8-6006a, 8-6007(b), 8-6007, 8-6011(a), 8-6011, 8-6024(c), 8-6024, 8-6045, 8-6048d(c)(2), 8-6048d, 8-6048d(c), 8-6052(g), 8-6052, 8-2504, 9-42, 8-4062b, 8-2571, 8-2574, 8-2577, 8-13301
As Enacted: 8-23, 8-3303, 8-4688(a), 8-4688, 8-4724, 8-6002(a), 8-6002, 8-6004(d), 8-6004, 8-6006, 8-6006a(a), 8-6006a, 8-6007(b), 8-6007, 8-6011(a), 8-6011, 8-6024(c), 8-6024, 8-6045, 8-6048d(c)(2), 8-6048d, 8-6048d(c), 8-6052(g), 8-6052, 8-2504, 9-42, 8-4062b, 8-2571, 8-2574, 8-2577, 8-13301