Do other forms of captives require an NAIC Company Code?
Other forms of captives are not required to have a Company Code but may find it needed. Your fronting carrier will ask for your company code to complete its Annual Statement filings. Other states may come across the captive name and ask the NAIC who you are. Having a company code lets the NAIC know you are a Vermont captive and are not required to file with the NAIC. This saves time and trouble. Vermont periodically updates its captive listings with the NAIC. The NAIC assigns a company code, notes that it is a captive, and also notes that the captive is not required to file with the NAIC.