Appointments & Terminations
Within 15 days of contract execution or first business submission; Earlier of the two
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
$60 per LOA
Retaliatory fees that vary by state
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.
Vermont considers itself perpetual but requires domestic carriers to renew at no cost annually and requires foreign carriers to pay renewals annually.
Via NIPR Portal
June 3 until June 30, 2022
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.
Death; appointed in error; cancelled
Required (but ignored) and is the date transaction is processed by the state
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
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 -
90 days before expiration
March 31 every 2 years in odd-numbered years
90 days before expiration
March 31 every 2 years in odd-numbered years
For individual's business address only
Residence, Business, and Mailing
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
Included in Producer License Class. Insurers are not required to appoint Brokers per NAIC PLMA
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
Exam required before license application
Applicant must have passed the required exam before applying for the requested license.
Home state for licensing. MA and ME pay retaliatory fees for Appts
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.
90 days prior to expiration date until the day after license expiration.
Branch office must be licensed
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
CA, HI, NY, PR, WY
Crop, Workers' Compensation, Property & Casualty
All Adjuster Fees are found here:
Biennially, on March 31st on even numbered years.
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 firstname.lastname@example.org to inform of VT of their intent. Their claim will be reviewed within 90 days for accuracy.
Prior to license expiration.
85 days prior to expiration date
3 hours of NFIP course
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
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.
How Do I Get an Insurance License in Vermont?
How Do I Get a State Adjuster License in Vermont?
How do I renew my insurance license in Vermont?
How do I renew my non-resident insurance license in Vermont?
How Do I renew My Non-Resident Adjuster License in Vermont?
How Do I Renew My Adjuster License In Vermont?