How Do I Get an Insurance License in Vermont?

Depending on what type of insurance agent you want to be or what types of policies you need to sell, you will need to choose what type or types of insurance licenses you need to get. After you’ve determined which licenses you need, it’s time to begin studying for the Vermont insurance exams. The next step after completing all of your pre-license coursework or self-study is to take the insurance exam. You will take one exam for each combined line of insurance you wish to carry. In Vermont, the Property & Casualty lines are combined into one exam. Life, Accident, Health, and HMO is a combined exam as well. Once you have completed your exams, you are now ready to apply for your license. If you have more than one line of authority that you have passed the exam for, be sure to apply for all of those lines. Once you have submitted your application and have filled all the other requirements, your license application will be reviewed by the state. Your background check initiated by the application will also be reviewed.

How Do I Get a State Adjuster License in Vermont?

Your first step is to take and pass the Vermont Insurance Adjuster License exams. Depending on the lines of authority you wish to carry, you may need to take more than one exam. Once you have completed all your coursework and passed the exams, you are now ready to apply for your license. Once you have submitted your application and have completed all the other requirements, your license application will be reviewed by the state. This process generally takes about forty-eight (48) hours. Depending on the results of your background check, the Department of Insurance may request more information or documentation.

How do I renew my insurance license in Vermont?

You may only renew your license during the renewal period. The license term is April 1 to March 31 of odd years. The department will send out renewal notices for existing licensees at the beginning of the odd year. Licenses can be renewed via the <a href="https://www.nipr.com/license_form.htm">National Insurance Producer Registry</a> (NIPR). <a href="https://agentsync.io">AgentSync</a> can also help with the renewal process. The State of Vermont requires that resident individual licensees complete twenty-four (24) credit hours of continuing education every two-year licensing period. Three (3) of those hours must be on the subject of ethics. If you hold a Property or Casualty line of authority, you must also fulfill a one-time requirement of three (3) hours in the subject of flood insurance. After you have completed your continuing education and you are within 85 days of your license expiration, you may renew your Vermont insurance license online. Please note: Paper renewals are only accepted if the electronic renewal option is not available. There is a fee of $30 to renew your license.

How do I renew my non-resident insurance license in Vermont?

Non-resident licensees in compliance with their home state’s CE requirements are exempt from completing Vermont CE provided that the home state’s requirements are similar to those set by Vermont law. The Vermont Department of Financial Regulation may verify a non-resident’s compliance standing with their home state’s license requirements. There is a fee of $30 to renew your license. <a href="https://agentsync.io">AgentSync</a> can also help with the renewal process.

How Do I renew My Non-Resident Adjuster License in Vermont?

You may only renew your license during the renewal period. The license term is April 1 to March 31 of odd years. The department will send out renewal notices for existing licensees at the beginning of the odd year. Vermont grants reciprocal licensing to any state that requires an examination in order to be licensed as an adjuster. Additionally, no Continuing Education is required, except for Worker’s Compensation Adjusters. Workers Compensation Adjusters must attend one seminar during each 2-year period after attaining their license. Renewal fee amount varies, depending on the adjusters resident state. Retaliatory Fees can be found here. For more information, contact the Department of Financial Regulation.

How Do I Renew My Adjuster License In Vermont?

Vermont adjuster license renewal is required of all license-holders every two (2) years before the expiration date. The expiration date of your license is set on March 31st, in odd-numbered years. The Vermont Department of Financial Regulation – Insurance Division will send out renewal notices for existing licensees at the beginning of the odd year. You are required to complete a total of twenty-four (24) hours of continuing education (CE) in Vermont, including three (3) hours of ethics coursework, to upkeep your adjuster license. There is an $120 fee to renew your Vermont adjuster license. You can renew your Vermont adjuster license online through an application on NIPR’s website. After completion of your renewal application, the state will either email you if your license renewal has been approved, or they will contact you to let you know that you must supply additional documentation.

Vermont

state commissioner

Michael S. Pieciak

STATE email

dfr.producerlicensing@vermont.gov

STATE phone

(802) 828-3303

STATE LICENSE DIVISION ADDRESS

State of Vermont Department of Financial Regulation

Visit State Website

Appointments & Terminations

Required to report appointments?

Yes

Permits Just-in-time (JIT) appointments?

Yes

Initial appointment deadlines

Within 15 days of contract execution or first business submission; Earlier of the two

Initial appointment deadline rule

JIT appointments permitted. Appointments must be submitted within 15 days of the date the agent/agency contract is executed or the first piece of business is submitted to the carrier. The appointment submission deadline is the earlier of the two dates

Can be processed via nipr?

Yes

Fees for appointing a resident agency or individual?

$60 per LOA

Fees for appointing a non resident agency or individual?

Retaliatory fees that vary by state

Appoint agencies?

Adjuster appointments via NIPR?

Appointment effective date can be specified?

Appointment effective date rule

Required (but ignored) and is the date the transaction is processed by the state. Must be filed within 15 days of the date the agency contract is executed or the first insurance application is.

State requires appointment renewal?

Vermont considers itself perpetual but requires domestic carriers to renew at no cost annually and requires foreign carriers to pay renewals annually.

Appointment renewals via

Via NIPR Portal

When is the state renewal period?

June 3 until June 30, 2022

Appointment renewal fee

Fees don't apply to carriers domiciled in Vermont. $60 per LOA for all states except Massachusetts, Vermont, and Maine. $70 per LOA for Maine carriers. $100 per LOA for Life/Health lines and $150 total for Property and Casualty grouping for Massachusetts carriers.

Appointment Terminated if license expires?

Yes

Terminations processed via NIPR?

Yes

Termination reasons

Death; appointed in error; cancelled

Termination date can be specified by carrier?

Termination Effective date rule

Required (but ignored) and is the date transaction is processed by the state

Termination fee

No fee

Licensing

Initial individual new license fee

Resident New License Insurance Producer: $60 Resident New License Surplus Lines Broker: $430 Non Resident New License Insurance Producer: $60 Non Resident New License Surplus Lines Broker: $430

License renewal fee

Insurance Producer Renewal Fee: $30 Surplus Lines Broker Renewal Fee: $400 Limited Lines Producer Renewal Fee: $30 Public Adjuster Renewal Fee: $200 Crop Adjuster Renewal Fee: $120 Worker's Comp Adjuster Renewal Fee: $120 Adjuster Property and Casualty Renewal Fee: $120 Auto Physical Damage Renewal Fee: $120 Title Agent Renewal Fee: $30 Bail Bond Agent Renewal Fee: $30 Consultant Renewal Fee: $200 Life Settlement Broker Renewal Fee: $100 Managing General Agent Renewal Fee: $300 Reinsurance Intermediary Renewal Fee: $200 Portable Electronics Renewal Fee: $30 Nonresident: see retaliatory fees -

When does the resident individual producer license renewal period begin?

90 days before expiration

What is the resident individual producer license renewal date?

March 31 every 2 years in odd-numbered years

When does the nonresident individual producer license renewal period begin?

90 days before expiration

What is the nonresident individual producer license renewal date?

March 31 every 2 years in odd-numbered years

Can a producer use a P.O. Box in their resident or business address?

For individual's business address only

Are individuals required to list their county as part of the address?

What addresses are required for individual license maintenance?

Residence, Business, and Mailing

State individual licenses include

Title Agent, Adjuster-Property and Casualty, Workers Comp Adjuster, Non Resident Workers Compensation Adjuster, Resident Workers Compensation Adjuster, Life Settlement Broker, Surplus Lines Broker, Statistical Rating Organization, Property & Casualty, Consultant, Insurance Producer, Auto-Physical Damage, Managing General Agent, Public Adjusters, Crop Adjuster, Portable Electronics, Life & Health, Bail Bond Agent, Temporary Producer, Reinsurance Intermediary, Limited Lines Producer

Appointment Terminated if license expires?

Yes

State broker license rule

Included in Producer License Class. Insurers are not required to appoint Brokers per NAIC PLMA

Broker license notes

Vermont does not issue a broker license. However, all producers are authorized to broker insurance business. Both the experience and bond requirements have been eliminated, and are no longer required

Requires pre licensing courses?

Exam requirements

Exam required before license application

Fingerprints Required?

Not Required

Where to apply for resident license?

NIPR Gateway

Other licensing notes

Applicant must have passed the required exam before applying for the requested license.

What Transactions are Retaliatory Fees Applied to?

Appointment

What Determines the Retaliatory Fee?

Home state for licensing. MA and ME pay retaliatory fees for Appts

Submit Partial License Renewals through NIPR?

Yes

Has Personal Lines LOA?

Yes

Deadline to report personal data changes (address, name change, phone number, etc.)

A licensee must notify the Commissioner of a change of residential or business address within 30 days, and must provide certification from the new resident. Contact Change Request supported via NIPR Gateway.

Agency

Can a sole proprietor be licensed as an entity?

DRLP must have active state license

Yes

DRLPs must cumulatively cover all LOAs in application

Agency Licensing renewals

90 days prior to expiration date until the day after license expiration.

Agency License required?

Affiliations: Indicates if producers selling on behalf of/through an entity must be formally affiliated with that entity and if the entity must notify the department of changes

Branch office

Branch office must be licensed

Adjuster

Requires adjuster license?

Yes

Offers designated home state?

Yes

DHS exam required?

Yes

Reciprocity states

AK, AL, AR, AZ, CT, DE, FL, GA, ID, IN, KY, LA, ME, MI, MN, MS, MT, NC, NH, NM, NV, OK, OR, SC, TX, UT, WA, WV

Which states require an exam for reciprocity?

CA, HI, NY, PR, WY

Independent adjuster LOAS

Crop, Workers' Compensation, Property & Casualty

Independent adjuster fees

All Adjuster Fees are found here: Note that Vermont has retaliatory fees meaning that the fee changes based on resident state.

Independent adjuster exam required?

Yes

Independent adjuster renewal date

Biennially, on March 31st on even numbered years.

Emergency adjuster details

In the event of an emergency, VT can use adjuster or appraisers who are not licensed in Vermont to adjust claims arising out of the catastrophe. This individual must be licensed in their resident state and send an email to dfr.producerlicensing@vermont.gov to inform of VT of their intent. Their claim will be reviewed within 90 days for accuracy.

Continuing Education

Total hours per renewal period

Renewal period

2 years

License renewal date is

March 31

License renewal year based on...

Odd-numbered years

When is the CE due?

Prior to license expiration.

How long before expiration does state send CE reminder?

85 days prior to expiration date

Exemptions to CE

CE instructors get credit for teaching courses?

Yes

Ethics requirements

Flood-specific CE requirements

3 hours of NFIP course

LTC-specific CE requirements

8-hour initial certification (separate from or in addition to 2 hours of Vermont-specific LTC CE), with 4 hours of LTC-specific training every two years

For more from agentsync

https://agentsync.io/blog/individual-producers/insurance-continuing-education-vermont

Regulatory Updates

Vermont Will Update Various Retaliatory Fees

Effective January 1, 2024, Vermont will update various retaliatory fees for the following: Non Resident Licensing, Non Resident Adjuster Licensing, Non Resident Adjuster Renewal, Non Resident Licensing No Home State, Non Resident Renewal No Home State.

Vermont Bulletin Authorizing Use of Catastrophe Adjusters and Appraisers

Vermont has issued a bulletin authorizing use of catastrophe adjusters and appraisers. See attachment for full details.

Vermont Issues Alert Regarding Use of Catastrophe Adjusters / Appraisers

On July 10, 2023, Vermont issued an alert regarding the use of Catastrophe Adjusters and Appraisers In response to the State of Emergency declared July 9 by Governor Phil Scott following heavy rains and anticipated floodings. The Commissioner of the Department of Financial Regulation announced that the Department is preemptively allowing property and casualty insurance carriers to use individual adjusters not licensed in Vermont. See attachment for full details.

Vermont Implements New Transaction Type to Process Individual Primary Name Updates

Effective June 9th, 2023, a new transaction type will be implemented for Vermont to process individual and business entity primary name updates.

Vermont 2023 Company Appointment Renewals

Vermont has released their 2023 Company Appointment Renewal dates for all active appointments. The renewal period is June 3 through June 30, 2023 and the termination deadline is May 31

Vermont to Add a New Mappings for Appointment and Terminations

Effective May 12, 2023, Vermont will add mappings to the Appointment and Terminations application for Credit and Variable Life and Variable Annuities.

Vermont to Populate Original Appointment Date

Beginning on 10/14/2022 Vermont will populate the Original Appointment Date. Previously they were populating the appointment effective date in the PDB.

Vermont Revisits Travel Requirements

Limited lines refers to a licensed MGA or TPA, a licensed producer (including limited lines producer), and a travel administrator. This announcement then further defines travel admins and travels insurance.

Vermont 2022 Carrier Appointment Dates

This is a reminder that on June 3, 2022, VT will be displaying the Vermont 2022 Appointment Renewal Invoices. The renewal period is June 3-30.

Vermont Announces Departure of DFR Commissioner Mike Pieciak

Effective May 16, DFR Commissioner Mike Pieciak will be pursuing new opportunities. In the interim, Deputy Commissioner Kevin Gaffney will serve in this role.

Vermont 2022 Company Appointment Renewal Dates

The Company appointment renewal period is 6/3/22 - 6/30/22.

NASAA Updates IAR CE Member Adoption list on its Website

NASAA provides an updated version of the IAR CE Member Adoption list on its website.

FAQs

How Do I Get an Insurance License in Vermont?

Depending on what type of insurance agent you want to be or what types of policies you need to sell, you will need to choose what type or types of insurance licenses you need to get. After you’ve determined which licenses you need, it’s time to begin studying for the Vermont insurance exams. The next step after completing all of your pre-license coursework or self-study is to take the insurance exam. You will take one exam for each combined line of insurance you wish to carry. In Vermont, the Property & Casualty lines are combined into one exam. Life, Accident, Health, and HMO is a combined exam as well.

Once you have completed your exams, you are now ready to apply for your license. If you have more than one line of authority that you have passed the exam for, be sure to apply for all of those lines. Once you have submitted your application and have filled all the other requirements, your license application will be reviewed by the state. Your background check initiated by the application will also be reviewed.
How Do I Get a State Adjuster License in Vermont?

Your first step is to take and pass the Vermont Insurance Adjuster License exams. Depending on the lines of authority you wish to carry, you may need to take more than one exam. Once you have completed all your coursework and passed the exams, you are now ready to apply for your license. Once you have submitted your application and have completed all the other requirements, your license application will be reviewed by the state. This process generally takes about forty-eight (48) hours. Depending on the results of your background check, the Department of Insurance may request more information or documentation.
How do I renew my insurance license in Vermont?

You may only renew your license during the renewal period. The license term is April 1 to March 31 of odd years. The department will send out renewal notices for existing licensees at the beginning of the odd year. Licenses can be renewed via the National Insurance Producer Registry (NIPR). AgentSync can also help with the renewal process.

The State of Vermont requires that resident individual licensees complete twenty-four (24) credit hours of continuing education every two-year licensing period. Three (3) of those hours must be on the subject of ethics. If you hold a Property or Casualty line of authority, you must also fulfill a one-time requirement of three (3) hours in the subject of flood insurance.

After you have completed your continuing education and you are within 85 days of your license expiration, you may renew your Vermont insurance license online.

Please note: Paper renewals are only accepted if the electronic renewal option is not available. There is a fee of $30 to renew your license.
How do I renew my non-resident insurance license in Vermont?

Non-resident licensees in compliance with their home state’s CE requirements are exempt from completing Vermont CE provided that the home state’s requirements are similar to those set by Vermont law.

The Vermont Department of Financial Regulation may verify a non-resident’s compliance standing with their home state’s license requirements.

There is a fee of $30 to renew your license. AgentSync can also help with the renewal process.
How Do I renew My Non-Resident Adjuster License in Vermont?

You may only renew your license during the renewal period. The license term is April 1 to March 31 of odd years. The department will send out renewal notices for existing licensees at the beginning of the odd year.

Vermont grants reciprocal licensing to any state that requires an examination in order to be licensed as an adjuster. Additionally, no Continuing Education is required, except for Worker’s Compensation Adjusters. Workers Compensation Adjusters must attend one seminar during each 2-year period after attaining their license.

Renewal fee amount varies, depending on the adjusters resident state. Retaliatory Fees can be found here.

For more information, contact the Department of Financial Regulation.
How Do I Renew My Adjuster License In Vermont?

Vermont adjuster license renewal is required of all license-holders every two (2) years before the expiration date. The expiration date of your license is set on March 31st, in odd-numbered years. The Vermont Department of Financial Regulation – Insurance Division will send out renewal notices for existing licensees at the beginning of the odd year.

You are required to complete a total of twenty-four (24) hours of continuing education (CE) in Vermont, including three (3) hours of ethics coursework, to upkeep your adjuster license.

There is an $120 fee to renew your Vermont adjuster license. You can renew your Vermont adjuster license online through an application on NIPR’s website. After completion of your renewal application, the state will either email you if your license renewal has been approved, or they will contact you to let you know that you must supply additional documentation.