Notices for Week of: DECEMBER 14, 2006
PROPOSED STATE RULES
By law, public notice of proposed rules must be given by publication in newspapers of record. The purpose of these notices is to give the public a chance to respond to the proposals. The public notices for administrative rules are now also available online at http://vermont-archives.org/aparules/ovnotices.htm The law requires an agency to hold a public hearing on a proposed rule, if requested to do so in writing by 25 persons or an association having at least 25 members.
To make special arrangements for individuals with disabilities or special needs please call or write the contact person listed below as soon as possible
To obtain further information concerning any scheduled hearing(s), obtain copies of proposed rule(s) or submit comments regarding proposed rule(s), please call or write the contact person listed below. You may also submit comments in writing to the Legislative Committee on Administrative Rules, State House, Montpelier, Vermont 05602 (828-2231).
Standard Protocol and Procedures for Initiating and Dispensing Emergency Contraception by Pharmacists
Vermont Proposed Rule: 06P039
AGENCY: Human Services, Department of Health
CONCISE SUMMARY: The rules establish procedures by which pharmacists who are in collaborative practice with prescription-authorized medical professionals can initiate and dispense emergency contraceptives to women.
TYPE OF PERSONS AFFECTED: Pharmacists who wish to become involved in a voluntary program for emergency contraception, Board of Pharmacy, women who may be in need of emergency contraception, Department of Health, family planning organizations, medical prescribers (doctors, nurse practitioners, physician assistants).
COST BENEFIT ANALYSIS: None, other than the time which pharmacists and medical professionals wish to devote to collaborative practices for this limited purpose.
SCHEDULED HEARINGS: January 4, 2007; 1:00 pm; 108 Cherry Street, Burlington, VT, Rooms 2A and 2B.
DEADLINE FOR PUBLIC COMMENT: January 12, 2007
FOR FURTHER INFORMATION, CONTACT: Sally Kerschner, VT Department of Health, 108 Cherry Street, Burlington, VT 05401 (802) 865-7707
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Captive Insurance Companies Reinsuring Life Insurance Policies
Vermont Proposed Rule: 06P040
AGENCY: Dept. of Banking, Insurance, Securities & Health Care Administration
CONCISE SUMMARY: The proposed regulation sets forth reserve requirements and the form of the annual report required of a captive insurance company that reinsures life insurance policies, including term, universal and variable life policies, and related guarantees and riders. A captive insurance company completes its annual report to BISHCA based on GAAP accounting principles, unless the Commissioner approves the use of statutory accounting principles. The rule specifies the form of annual report to be used, which depends on the accounting method the captive uses. The rule also requires that the captive maintain adequate reserves for its insurance obligations. The rule would apply with respect to fiscal years ending on and after December 31, 2005, but such application would not require any captive insurance company to amend or change its annual reports filed for the 2005 and 2006 fiscal years.
TYPE OF PERSONS AFFECTED: The proposed rule will affect captive insurance companies that reinsure life insurance policies with respect to the type of annual report they file with BISHCA. BISHCA is the only governmental entity that will be affected by this rule.
COST BENEFIT ANALYSIS: Currently, Vermont and South Carolina are the two leading captive insurance domiciles competing for captive insurers reinsuring life insurance policies. The proposed rule will facilitate the formation and operation of these captive insurance programs in Vermont. This will provide the State with additional premium tax revenues. Such programs will also support Vermont-based accounting, legal, actuarial and insurance business that provide support services to captive insurance companies. The rule will not increase the cost to BISHCA or any other state agency of regulating such captive insurance programs. The rule will not cause any additional cost or expense to such captive insurance companies.
SCHEDULED HEARINGS: Thursday, January 4, 2007, from 2pm to 4pm, at the offices of BISHCA, 89 Main Street, 3rd Floor, Montpelier, Vermont.
DEADLINE FOR PUBLIC COMMENT: January 12, 2007
FOR FURTHER INFORMATION, CONTACT: Kevin Moriarty, Assistant General Counsel, 89 Main Street, Drawer 20 Montpelier, Vermont; 802-828-3301.
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Act 250 Rules (2006 Amendments)
Vermont Proposed Rule: 06P038
AGENCY: Natural Resources Board: Land Use Panel
FOR FURTHER INFORMATION, CONTACT: John Hasen, General Counsel, Natural Resources Board National Life Records Center Building Drawer 20, Montpelier, VT 05620-3201 802-828-5444 john.hasen@state.vt.us.
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- If you have general questions about the rulemaking process, please contact
- Louise Corliss by e-mail at or by phone 802-828-2863
