Vermont Insurance Licensing
The information provided by Agenzee is intended to be accurate and current regarding licensing and appointment requirements across states. While we make every effort to ensure precision through research and expertise, we recommend that readers independently verify details by contacting their state’s insurance department for precise regulations. Remaining informed is essential, and we are here to assist you on your path.
News
Read All NewsAppointments and Terminations in Vermont
Appointments
Yes, but only through annual audits.
Yes
Appointments must be reported within 15 days of either contract execution or the first business submission, whichever comes first.
Appointments are processed through NIPR.
$60 per Line of Authority for appointing both resident and nonresident agencies or individuals. Fees for nonresident agencies vary based on state.
Terminations
Terminations are processed through NIPR.
Can include death, errors in appointment, or cancellation.
No fee for processing terminations.
Licensing in Vermont
Initial Licensing Fees:
$60
$430
$60
$430
Renewal Fees:
$30
$400
$200
Begins 90 days before the license expires.
Every two years on March 31, in odd-numbered years.
Allowed up to 30 days after expiration with additional fees. Reinstatement is permitted up to one year after expiration.
Continuing Education Requirements for Vermont Insurance Licensees
Here at Agenzee, we strive to provide accurate and up-to-date information on CE requirements for various states. While we take pride in our thorough research and expertise, we encourage our readers to conduct their own due diligence by consulting their state’s department of insurance for specific requirements. Remember, staying informed is key, and we’re here to support you on your journey to compliance!
Licensees must complete a total of 24 hours of continuing education every two years.
The renewal period is biennial, occurring every two years.
License renewal must be completed by March 31st.
License renewal year is based on odd-numbered years.
Continuing education credits are due prior to license expiration.
The state sends a CE reminder 85 days prior to the expiration date.
No specific exemptions found.
Yes, CE instructors receive credit for teaching courses.
Licensees must complete 3 hours of ethics training.
Licensees must complete 3 hours of NFIP course.
Initial certification entails an 8-hour training course (separate from or in addition to 2 hours of Vermont-specific LTC CE), with 4 hours of LTC-specific training required every two years.
Additional Information
Vermont does not require pre-licensing courses but does require passing an exam before the license application.
Not required for resident licensing.
All applicants undergo a general background check.
Frequently Asked Questions on Vermont Insurance Licensing
Applicants must pass the required examination and can then apply through the NIPR Gateway.
Licensees must notify the Vermont Department of Financial Regulation within 30 days of any change. Failure to comply may result in penalties.
Licensees must complete 24 hours of continuing education every two years to renew their license. Specific exemptions and requirements for different license types are outlined on the state website.
Vermont
Michael S. Pieciak
State of Vermont Department of Financial Regulation
