Vermont Co-Op Denied License to Sell Insurance

Susan L Donegan, Commissioner of the Vermont Department of Financial Regulation announced Wednesday that the Vermont Health CO-OP failed to meet Vermont’s insurance standards and was denied a license to sell health insurance in Vermont. The Vermont Health CO-OP (consumer operated and oriented plan) is a non-profit organization funded by loans from the federal government, which submitted an application to be licensed as a mutual member-owned health insurance company.

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