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. § 4813l)
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§ 4813l. Appointments
(a) An insurance producer or limited lines producer shall not act as an agent of an insurer
unless the producer becomes an appointed agent of that insurer. A producer who is
not acting as an agent of an insurer is not required to become appointed.
(b) An appointment shall be made by an insurer designating an insurance producer or limited
lines producer as an agent of the insurer for the lines of insurance the producer
will be authorized to sell, solicit, or negotiate for the insurer.
(c) As set forth in section 4813g of this subchapter, an insurer shall make a separate
appointment for each line of insurance for which an insurance producer or limited
lines producer will be acting as an agent of the insurer.
(d) 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.
(e) An insurer shall pay an appointment fee, in the amount and method of payment set forth
in section 4800 of this title, for each insurance producer appointed by the insurer and for each line of insurance
in which a producer is qualified.
(f) An insurer shall remit, in a manner prescribed by the Commissioner, a renewal appointment
fee in the amount set forth in section 4800 of this title.
(g) As soon as practicable, the Commissioner shall permit an insurer to appoint a producer
to all or some insurers within the insurer’s holding company system or group by the
filing of a single appointment request. (Added 2001, No. 97 (Adj. Sess.), § 18.)