Vermont Statutes Title 8 Chapter 131, Secs. 4791-4826: Licensing Requirements

What this document is

Vermont Statutes Title 8 Chapter 131 - Licensing Requirements (Secs. 4791-4826) is a state statute published by Vermont General Assembly (Vermont Statutes Online). It is one of the Vermont documents that insurance license exam questions are written from, including vermont property & casualty, vermont personal lines practice questions. This page summarizes it and points to the official version, which is the text to rely on.

Sections cited in practice questions

Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.

• Vt. Stat. tit. 8, § 4798(b) (Term of license)

  “(1) All licenses of insurance producers and limited lines producers issued pursuant to this subchapter shall expire as of 12:01 a.m. o'clock on the first day of April of the odd-numbered year next following date of issuance; and (2) all other license types issued pursuant to this subchapter shall...”

• Vt. Stat. tit. 8, § 4798(d) (Term of license; producer appointments)

  “Producer appointments shall expire as of 12:01 a.m. on the first day of June following the date of issuance. Annually, before the expiration of producer appointments, the Commissioner shall provide each insurer with an alphabetical appointment renewal list of the names for all of its producers in...”

• Vt. Stat. tit. 8, § 4800a(e), (f) (Continuing education)

  “(e) The license of an applicant who has failed to satisfy the continuing education requirements of this section, and who has not been granted an extension of time as set forth in subsection (c) of this section, shall not be renewed. (f) The Commissioner shall suspend the license of any applicant...”

• Vt. Stat. tit. 8, § 4800a(d) (Continuing education)

  “This section shall not apply to a nonresident insurance producer who resides in a state or district that has a continuing education requirement and who has satisfied such requirement and submits adequate documentation of continuing education completion to the Commissioner.”

• Vt. Stat. tit. 8, § 4813c(a) (Duties)

  “A person not duly licensed as an insurance producer or limited lines producer who sells, solicits, or negotiates insurance policies on behalf of an insurer shall be deemed a producer acting as the agent of such insurer within the intent of this subchapter, and shall be liable for all the duties,...”

• Vt. Stat. tit. 8, § 4813h(a) (Nonresident licensing)

  “Unless denied licensure pursuant to section 4804 of this title, a nonresident person shall receive a nonresident producer license if: (1) the person is currently licensed as a resident and in good standing in his or her home state; (2) the person has submitted the proper request for licensure and...”

• Vt. Stat. tit. 8, § 4813k (Temporary licensing)

  “The Commissioner may issue a temporary insurance producer license for a period not to exceed 180 days without requiring an examination if the Commissioner deems that the temporary license is necessary for the servicing of an insurance business in the following cases: (1) to the surviving spouse or...”

• Vt. Stat. tit. 8, § 4813l(d) (Appointments)

  “To appoint a producer as its agent, the appointing insurer shall file, in a format approved by the Commissioner, a notice of appointment within 15 days from the date the agency contract is executed or the first insurance application is submitted, whichever is sooner.”

• Vt. Stat. tit. 8, § 4813m(a) (Notification to Commissioner of termination)

  “An insurer or authorized representative of the insurer that terminates the appointment, employment, contract, or other insurance business relationship with a producer shall notify the Commissioner within 30 days following the effective date of the termination, using a format prescribed by the...”

• Vt. Stat. tit. 8, § 4813o (Reporting of actions)

  “(a) A producer shall report to the Commissioner any administrative action taken against the producer in another jurisdiction or by another governmental agency in this state within 30 days of the final disposition of the matter. This report shall include a copy of the order, consent to order, or...”

• Vt. Stat. tit. 8, § 4800(3)(E)(i) (License requirements; denial notice to applicant and appointing insurer)

  “If the Commissioner finds that the applicant has not fully met the requirements for licensing, the Commissioner shall refuse to issue the license and promptly notify the applicant and the appointing insurer, in writing, of the denial, stating the grounds therefor.”

• Vt. Stat. tit. 8, § 4813j (Assumed names)

  “An insurance producer doing business under any name other than the producer's legal name is required to notify the Commissioner prior to using the assumed name.”

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More Vermont sources

• Vt. Stat. Ann. tit. 8, ch. 103: Life insurance policy provisionsState statute
• Vt. Stat. tit. 8, s. 4723 - Unfair methods of competition or unfair or deceptive acts or practices prohibitedState statute
• Vt. Stat. tit. 8, s. 4724 - Unfair methods of competition or unfair or deceptive acts or practices definedState statute
• Vt. Stat. tit. 8, s. 4800 - License requirementsState statute
• Vt. Stat. tit. 8, s. 4804 - License denial, nonrenewal, or termination causesState statute
• Vermont Statutes Title 8 Chapter 107 - Health Insurance (Secs. 4011-4093)State statute
• Vermont Producer's Examination for Casualty Insurance (Series 14-42) - Exam Content OutlineCandidate handbook or exam outline
• Vermont Producer's Examination for Life, Accident, Health and HMO - Exam Content Outline (Series 14-29)Candidate handbook or exam outline