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. § 4813k)
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§ 4813k. Temporary licensing
(a) 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 court-appointed personal representative of a licensed insurance
producer who dies or becomes mentally or physically disabled to allow adequate time
for the sale of the insurance business owned by the producer or for the recovery or
return of the producer to the business or to provide for the training and licensing
of new personnel to operate the producer’s business;
(2) to a member or employee of a business entity licensed as an insurance producer, upon
the death or disability of an individual designated in the business entity application
or license;
(3) to the designee of a licensed insurance producer entering active service in the Armed
Forces of the United States of America; or
(4) in any other circumstance where the Commissioner deems that the public interest will
best be served by the issuance of this license.
(b) The Commissioner may, by order, limit the authority of any temporary licensee in any
way deemed necessary to protect insureds and the public. The Commissioner may require
the temporary licensee to have a suitable sponsor who is a licensed producer or insurer
and who assumes responsibility for all acts of the temporary licensee and may impose
other similar requirements designed to protect insureds and the public. The Commissioner
may, by order, revoke a temporary license if the interest of insureds or the public
is endangered. A temporary license may not continue after the owner or the personal
representative disposes of the business. (Added 2001, No. 97 (Adj. Sess.), § 18.)