The Vermont Statutes Online
The Statutes below include the actions of the 2025 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.
Subchapter
001A
:
PRODUCER LICENSING REQUIREMENTS
(Cite as: 8 V.S.A. § 4813f)
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§ 4813f. Application for license
(a) An individual applying for a resident insurance producer license shall make application
to the Commissioner on the Uniform Application and declare under penalty of refusal,
suspension, or revocation of the license that the statements made in the application
are true, correct, and complete to the best of the individual’s knowledge and belief.
Before approving the application, the Commissioner shall find that the individual:
(1) is at least 18 years of age;
(2) has not committed any act that is a ground for denial, suspension, or revocation set
forth in section 4804 of this title;
(3) is competent, trustworthy, financially responsible, and of good personal and business
reputation;
(4) has paid the fees set forth in section 4800 of this title; and
(5) has successfully passed the examinations for the lines of authority for which the
person has applied.
(b) As soon as practicable, but no later than April 1, 2003, the Commissioner shall permit
a business entity to be licensed as an insurance producer. Application shall be made
using the Uniform Business Entity Application. Except as permitted by regulation,
licensure of a business entity shall not relieve any natural person who sells, solicits,
or negotiates insurance of the requirement to be licensed under this chapter. Before
approving the application, the Commissioner shall find that:
(1) The business entity has paid the fees set forth in section 4800 of this title.
(2) The business entity has designated a licensed producer who is a natural person responsible
for the business entity’s compliance with the insurance laws, rules, and regulations
of this State.
(c) The Commissioner may require any documents reasonably necessary to verify the information
contained in an application. (Added 2001, No. 97 (Adj. Sess.), § 18.)