VERMONT Resident Licensing for Individuals

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Primary Rules    |   License Printing    |   Business Rules   |   State Offerings   |   License Fees   |   Contacts and FAQs

State Announcements

There are no announcements for Vermont at this time.

Primary Rules (Individual)

Response Question
Yes Accepts initial license for individuals electronically.
Yes Accepts major lines of authority.
Yes Accepts limited lines of authority.
Yes Accepts surplus lines for individuals.
Yes Applicant can add lines of authority (amend) to an existing active license.
Yes Applicant can reinstate/reapply through NIPR's Resident License (RL) Application.
Yes License printing available electronically.

License Printing

To print your license, click the state on NIPR's Producer Licensing Map.

Business Rules (Individual)

Applicant must be at least eighteen (18) years old or older as determined from the applicant's date of birth.

Applicants applying for a resident license who hold an inactive non-resident license should be allowed to apply.

Applicants will be prevented from applying electronically if they hold an active resident license in another state while applying for a resident license in Vermont.

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

P.O. Box or private mail box (PMB) addresses will not be accepted for residence address.

Applicants for the variable line of authority (LOA) must supply FINRA CRD number on application.

Applicant must have an active or be applying for a Vermont resident producer life license to request variable life and annuities LOA.

Resident producer license class must actively carry property and casualty LOAs with Vermont to be eligible to apply for surplus lines license class.

Resident Producer License class must actively carry Property and Casualty LOAs with Vermont in order to be eligible to apply for Surplus Lines Broker License class.

If applicant responds "yes" to one of the background questions please submit supporting documents electronically via NIPR's Attachments Warehouse. The documents may also be submitted to the state via mail, email, or fax.

IMPORTANT NOTICE: Vermont producer licenses expire on a common expiration date of March 31 of odd years. If you apply for a license now, you will pay the initial license and application fee for a license that expires on March 31, 2017. You will also receive an invoice for the license renewal fee prior to the expiration date of that license. All applications received at the Insurance Department after March 1st, 2015 will not be issued effective until April 1st, 2017, unless a specific request is made.

State Offerings (Individual)

Please note that license class names can vary by state.

License Class Line of Authority (LOA)
Resident Producer Individual Life
Resident Producer Individual Accident & Health
Resident Producer Individual Property
Resident Producer Individual Casualty
Resident Producer Individual Variable Life/Variable Annuity
Resident Producer Individual Personal Lines
Resident Limited Lines Producer Individual Credit
Resident Limited Lines Producer Individual Rental
Resident Limited Lines Producer Individual Travel Accident
Resident Limited Lines Producer Individual Travel Baggage
Resident Surplus Lines Broker None
Resident Adjuster Crop
Resident Public Adjuster Property / Casualty
Resident Workers' Compensation Adjuster Workers' Compensation
Resident Property / Casualty Adjuster Property / Casualty
Resident Appraiser Auto Physical
Resident Title Agent Title
Resident Bail Bond Agent Bail
Resident Consultant Life
Resident Consultant Property
Resident Consultant Casualty
Resident Consultant Accident and Health
Resident Consultant Variable Life/Variable Annuities
Resident Life Settlement Broker None
Resident Managing General Agent MGA Property
Resident Managing General Agent MGA Casualty
Resident Managing General Agent MGA – Accident and Health
Resident Managing General Agent MGA - Variable Life/Variable Annuities
Resident Managing General Agent MGA Life
Resident Reinsurance Intermediary None

* Applications for Other lines of authority will defer to state for approval.

License Fees (Individual)

Fees shown are state fees only. These fees do not include NIPR transaction fees.

License Class / LOA Combination Fee * Amendment Fee *
Resident Producer Individual / All LOAs $60.00 $30.00
Resident Limited Lines Producer / All LOAs $60.00 N/A
Resident Adjuster / Crop $90.00 N/A
Resident Public Adjuster / Property & Casualty $230.00 N/A
Resident Surplus Lines Broker / None $430.00 N/A
Resident Workers' Compensation Adjuster / Workers' Compensation $90.00 N/A
P/C ADJUSTER $90.00 N/A
Appraiser $90.00 N/A
Title Agent $60.00 N/A
Resident Bail Bond Agent $60.00 N/A
Resident Consultant $230.00 $30.00
Resident Life Settlement Broker $130.00 N/A
Resident Managing General Agent $330.00 $30.00
Resident Reinsurance Intermediary $230.00 N/A

* Per application.
** Amendments are done when you add a qualification to an existing license type that have qualifications. Amendments are done only for a Producer license, MGA or Consultant.

Contacts

Last Update: 10/17/2016

VERMONT Resident Licensing for Business Entities

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Primary Rules    |   License Printing    |   Business Rules   |   State Offerings   |   License Fees   |   Contacts and FAQs

State Announcements

There are no announcements for Vermont at this time.

Primary Rules (Business Entity)

Response Question
Yes Accepts initial license for business entities electronically.
N/A Accepts major lines of authority. (No LOAs in Vermont)
Yes Accepts limited lines of authority.
No Accepts surplus lines for business entities.
No Applicant can add lines of authority (amend) to an existing active license.
Yes Applicant can reinstate/reapply through NIPR's Resident License (RL) Application.
Yes License printing available electronically.

License Printing

To print your license, click the state on NIPR's Producer Licensing Map.

Business Rules (Business Entity)

Applicants applying for a resident license who hold an inactive non-resident license should be allowed to apply.

Applicants will be prevented from applying electronically if they hold an active resident license in another state while applying for a resident license in Vermont.

Applicant is required to enter exactly one Designated Responsible Licensed Producer (DRLP) that is actively licensed in Vermont. Applicant may not enter more than one DRLP.

If applicant responds "yes" to one of the background questions please submit supporting documents electronically via NIPR's Attachments Warehouse. The documents may also be submitted to the state via mail, email, or fax.

IMPORTANT NOTICE: Vermont producer licenses expire on a common expiration date of March 31 of odd years. If you apply for a license now, you will pay the initial license and application fee for a license that expires on March 31, 2015. You will also receive an invoice for the license renewal fee prior to the expiration date of that license. All applications received at the Insurance Department after March 1st, 2015 will not be issued effective until April 1st, 2015, unless a specific request is made.

State Offerings (Business Entity)

License Class Line of Authority (LOA) DRLP Required
Resident Producer Business Entity None Yes
Resident Limited Lines Producer Business Entity Limited Line Yes
Resident Limited Lines Producer Business Entity Credit Yes
Resident Limited Lines Producer Business Entity Rental Yes

* Applications for Other lines of authority will defer to state for approval.

License Fees (Business Entity)

Fees shown are state fees only. These fees do not include NIPR transaction fees.

License Class / LOA Combination Fee *
Resident Producer Business Entity / None $60.00
Resident Limited Lines Producer / All LOAs $180.00

* Per application.

Contacts

Last Update: 8/18/2016

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