What Are The Licensing Requirements For Nonresidents?

Nonresidents who wish to be licensed as agents, consultants, brokers, adjusters or appraisers in Vermont must apply to the Department of Banking, Insurance, Securities and Health Care Administration. Agents, consultants, brokers, adjusters and appraisers must hold a similar license for a similar line in another state or province of Canada. They must submit the Uniform Application and a certification of current licensing from the Insurance Department of their home state, dated no more than 90 days previous to application.

Individuals seeking a nonresident Workers' Compensation adjuster license must take and pass the Vermont Workers' Compensation adjuster exam. They must also meet the educational or training program required by the Commissioner.

For nonresident brokers, the required bond is $5000 or the amount required by the insurance department of the applicant's home state, whichever is greater.

Other Vermont Insurance FAQs

Q: Where Can I Obtain Insurance Licensing Information?
A: You may obtain licensing information from the Insurance Division of the Vermont Department of Banking, Insurance, Securities & Health Care Administration. Address: … More
Q: What Types Of Licenses Are Issued By The State Of Vermont?
A: The Department grants the following types of licenses. Each license granted by the Department is valid only for the line/lines of authority named on the license. An … More
Q: What Are The Licensing Application Procedures In Vermont?
A: Prepare for your examination using outlines and study materials Register for your examination with Experior Assessments by mail, fax, telephone, or online Schedule … More
Q: Are All Applicants Required To Take A Prelicensing Examination?
A: Each applicant for licensing as an agent, adjuster, appraiser, public adjuster or consultant must pass an examination before becoming licensed by the Department. … More
Q: How Do I Register For And Schedule The Examination?
A: The Vermont Insurance Division has contracted with Experior Assessments LLC to conduct its examination program. Experior provides computerized examinations through a … More
Q: What Are The Licensing Fees?
A: Please see Vermont Agent License Section Fee Chart. Note: In addition to the license fee, there is a standard application fee of $30.00. Please be sure to remit both.
Q: What Is The Procedure For Applying For My License After Passing The Examination?
A: All agent applicants are required to be sponsored by an insurer. You must complete the Department Uniform Application and submit it to your sponsoring company. The … More
Q: Are There Any Additional Licensing Requirements?
A: The Licensing and Exam Procedures bulletin outlines some additional licensing requirements including the following: Variable Annuity Agents must pass the Life … More
Q: What Are The Licensing Requirements For New Vermont Residents?
A: New residents who have held a like license in their former home state within 24 months prior to application will need to take only the Laws and Regulations … More
Q: Do The Licenses Ever Need To Be Renewed?
A: Agent licenses are effective from April 1 (or date of issuance) to March 31 of each oddnumbered year. All licenses then expire. Agent licenses are renewed by each … More