The Vermont Statutes Online
The Vermont Statutes Online have been updated to include the actions of the 2023 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
Title 8 : Banking and Insurance
Chapter 131 : Licensing Requirements
Subchapter 001A : Producer Licensing Requirements
(Cite as: 8 V.S.A. § 4813h)-
§ 4813h. Nonresident licensing
(a) 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 has paid the fees required by section 4800 of this title;
(3) the person has submitted or transmitted to the Commissioner the application for licensure that the person submitted to his or her home state, or in lieu of the same, a completed Uniform Application; and
(4) the person’s home state awards nonresident producer licenses to residents of this State on the same basis.
(b) The Commissioner may verify the producer’s licensing status through the producer database maintained by the National Association of Insurance Commissioners, its affiliates or subsidiaries.
(c) A nonresident producer who moves from one state to another state or a resident producer who moves from this State to another state shall file a change of address and provide certification from the new resident state within 30 days of the change of legal residence. No fee or license application is required.
(d) Notwithstanding any other provision of this chapter, the Commissioner may allow a person licensed as a limited lines producer in his or her home state to receive a nonresident limited lines producer license, pursuant to subsection (a) of this section, granting the same scope of authority as granted under the license issued by the producer’s home state. For the purposes of this section, limited lines insurance is any authority granted by the home state that restricts the authority of the license to less than the total authority prescribed in the associated major lines pursuant to subdivisions 4813g(a)(1) through (6) of this subchapter. (Added 2001, No. 97 (Adj. Sess.), § 18.)
