Publication Date
2024-06-18
effective date
2025-07-01
jurisdiction
Vermont Adding Pet Insurance Licensing and Training Requirements
Effective July 1, 2025, Vermont will be adding licensing and training requirements for resident and nonresident insurance producers related to pet insurance.
Pet insurance producers must be_ _appropriately licensed and complete the required training in order to sell, solicit, or negotiate a pet insurance product.
a.   An insurer must ensure that its producers are trained on:
I.   the topics discussed in (b) below; and
II.   its pet insurance products' coverages and conditions.
b.   The training must include information on:
I.   preexisting conditions and waiting periods;
II.   the differences between pet insurance and non insurance wellness programs;
III.   hereditary disorders, congenital anomalies or disorders, and chronic conditions, and how pet insurance policies interact with those conditions or disorders; and
IV. rating, underwriting, renewal, and other related administrative topics.
c.   Satisfaction of substantially similar training requirements in another state will satisfy Vermont's training requirements.

AgentSync Actions
Our compliance experts are constantly searching for and analyzing industry updates. Their findings are then recorded in the Regulatory Updates section of the Compliance Library to explain how the update impacts the insurance industry. If a change impacts an AgentSync product, this will be highlighted to inform you that the product is being updated to ensure you remain in compliance.
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This update has been reviewed by AgentSync compliance experts for industry impact and necessary automation in the AgentSync platform.
categories
Licensing

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