VERMONT Resident License Renewal for Individuals

RENEW HERE

State Announcements

Posted 3/02/2017

*NOTICE: Vermont Producer and Business Entity Licenses*

2017 Vermont License Renewal Ends

Producer Type Licenses and Business Entity Licenses


All active Producer, Business Entity, Bail Bond Agent, Title Agent, Limited Lines Producers, and Limited Lines Business Entities as well as Managing General Agent licenses will expire March 31, 2017 if not Renewed.


Per Vermont Law, there is no pro-rating of license fees and no grace period in which to submit a late renewal. If not renewed, the licensee will need to reapply for the license.


Renewal notices were EMAILED to all active licensees the first week of January 2017. Those that had not renewed as of February 21, 2017, have been mailed a paper notification.


All renewals must be processed electronically through NIPR.com or Sircon.com Licensees must renew prior to March 31, 2017.


Resident Producers Only: Your Continuing Education must be completed by March 31, 2017. You can submit your electronic renewal application even if you have not yet completed your CE requirement. Your renewal application will be placed in an On-Hold status. If you do not complete your CE requirement or request an extension by March 31, 2017, your license will not be renewed and will lapse. To view your Continuing Education Transcript, go to www.sircon.com to request an extension to complete your CE, go to the Department's website at www.vermontinsuranceagent.info and choose Check CE Credits.


Licenses issued AFTER April 1, 2017 will expire March 31, 2019.

 

Primary Rules (Individual)

Response Question
Yes Accepts renewals for individuals electronically.
Yes Accepts renewals for major lines of authority.
Yes Accepts renewals for limited lines of authority.
Yes Accepts renewals for surplus lines for individuals.
No Applicant can late renew through NIPR's Resident License Renewal(RLR) Application.
Yes Partial renewals allowed.
Yes License printing available electronically.

License Printing

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

Renewal Period (Individual)

License Class Renewal Period Begins Renewal Period Ends
All License Classes Eighty-five (85) days prior to expiration date. The day after expiration date.

Business Rules (Individual)

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

Applicant must have an active or be applying for a Vermont resident producer life license to request variable life and annuities lines of authority (LOAs). 

Applicants for the variable LOA must supply FINRA CRD number on application.

Producer applicants applying before March 31st, odd years, will not have the full two (2) years until their next renewal. Example: If an applicant applied on January 31st, 2015 their license would expire March 31st, 2015 and they would need to renew at that time to remain active.

Producer applicants applying after March 31st, odd years, will not have the full two (2) years until their renewal. Example: If an applicant applied on June 30th, 2013 they would have an expiration date of March 31st, 2015.

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.

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

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. (P.O. Boxes are acceptable for businesses and mailing addresses).

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.

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 Annuity & Variable Life
Resident Producer Individual Personal Lines
Resident Limited Lines Producer Individual Credit
Resident Limited Lines Producer Individual Limited Lines
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.

Renewal Fees (Individual)

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

License Class / LOA Combination Fee *
Resident Producer Individual License $30.00
Res Surplus Lines Broker $400.00
Resident Limited Lines Producer Individual $30.00
Resident Public Adjuster $200.00
RESIDENT ADJUSTER $60.00
RES WORKERS COMP ADJ $60.00
P/C ADJUSTER $60.00
Appraiser $60.00
Title Agent $30.00
Resident Bail Bond Agent $30.00
Resident Consultant $200.00
Resident Life Settlement Broker $100.00
Resident Managing General Agent $300.00
Resident Reinsurance Intermediary $200.00

* Per application.   

Contacts

Last Update: 8/18/2016

VERMONT Resident License Renewal for Business Entities

RENEW HERE

State Announcements

Posted 3/02/2017

*NOTICE: Vermont Producer and Business Entity Licenses*

2017 Vermont License Renewal Ends

Producer Type Licenses and Business Entity Licenses


All active Producer, Business Entity, Bail Bond Agent, Title Agent, Limited Lines Producers, and Limited Lines Business Entities as well as Managing General Agent licenses will expire March 31, 2017 if not Renewed.


Per Vermont Law, there is no pro-rating of license fees and no grace period in which to submit a late renewal. If not renewed, the licensee will need to reapply for the license.


Renewal notices were EMAILED to all active licensees the first week of January 2017. Those that had not renewed as of February 21, 2017, have been mailed a paper notification.


All renewals must be processed electronically through NIPR.com or Sircon.com Licensees must renew prior to March 31, 2017.


Resident Producers Only: Your Continuing Education must be completed by March 31, 2017. You can submit your electronic renewal application even if you have not yet completed your CE requirement. Your renewal application will be placed in an On-Hold status. If you do not complete your CE requirement or request an extension by March 31, 2017, your license will not be renewed and will lapse. To view your Continuing Education Transcript, go to www.sircon.com to request an extension to complete your CE, go to the Department's website at www.vermontinsuranceagent.info and choose Check CE Credits.


Licenses issued AFTER April 1, 2017 will expire March 31, 2019.

 

Primary Rules (Business Entity)

Response Question
Yes Accepts renewals for business entities electronically.
Yes Accepts renewals for major lines of authority.
Yes Accepts renewals for limited lines of authority.
Yes Accepts renewals for surplus lines for business entities.
No Applicant can late renew through NIPR's Resident License Renewal (RLR) Application.
Yes Partial renewals allowed.
Yes License printing available electronically.

License Printing

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

Renewal Period (Business Entity)

License Class Renewal Period Begins Renewal Period Ends
All License Classes Eighty-five (85) days prior to expiration date. The day after expiration date.

Business Rules (Business Entity)

Applicants applying before March 31st, odd years, will not have the full two (2) years until their next renewal. Example: If an applicant applied on January 31st, 2015 their license would expire March 31st, 2013 and they would need to renew at that time to remain active.

Applicants applying after March 31st, odd years, will not have the full two (2) years until their renewal. Example: If an applicant applied on June 30th, 2015 they would have an expiration date of March 31st, 2017.

Under Renewal Fees (Business Entity) please change the fee for Resident Limited Lines Producer Business Entity from $30.00 to $150.00

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.

At least one (1) Designated Responsible Licensed Producer (DRLP) must be provided on the application.

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.

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.

Renewal 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 $30.00
Resident Limited Lines Producer Business Entity $150.00

* Per application.

Contacts

Last Update: 8/18/2016

RENEW HERE