The bill amends various sections of Title 8 of the Vermont Statutes Annotated, focusing on enhancing consumer protection in insurance and virtual currency sectors. It establishes that all records of investigations and examinations by the Commissioner are confidential, while also prohibiting insurers from discriminating against affordable housing based on factors like income levels. Additionally, the bill outlines new requirements for captive insurance companies, including filing deadlines and operational conditions, and clarifies the governance standards for risk retention groups. It mandates the Commissioner to report on genetic discrimination in insurance and amends the Medicare supplement insurance rate review process, increasing the threshold for public hearings on rate increases.

Moreover, the bill introduces comprehensive regulations for virtual-currency kiosk operators, emphasizing customer protection and transparency. Key provisions include mandatory disclosures regarding customer rights, transaction details, and the implementation of antifraud policies. The daily cash transaction limit is increased, and a moratorium on new kiosks is established until July 1, 2026. The bill also stipulates that corporators of mutual financial institutions must be residents of the served area and independent, ensuring they act in the best interests of depositors. 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