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Vermont Statutes Title 8. Banking and Insurance, § 4813g. License

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) An insurance producer may receive qualification for a license and an appointment in one or more of the following lines of authority:

(1) Life: insurance coverage on human lives, including benefits of endowment and annuities, and may include benefits in the event of death or dismemberment by accident and benefits for disability income.

(2) Accident and health or sickness: insurance coverage for sickness, bodily injury, or accidental death, and may include benefits for disability income.

(3) Property: insurance coverage for the direct or consequential loss or damage to property of every kind.

(4) Casualty: insurance coverage against legal liability, including that for death, injury, or disability or damage to real or personal property.

(5) Variable life and variable annuity products: insurance coverage provided under variable life insurance contracts and variable annuities.

(6) Personal lines: property and casualty insurance coverage sold to individuals and families for primarily noncommercial purposes.

(7) Any other line of insurance permitted under State laws or regulations.

(b) An insurance producer license shall remain in effect unless revoked or suspended as long as the fee set forth in section 4800 of this title is paid and education requirements for resident individual producers are met by the due date.

(c) A licensed insurance producer who is unable to comply with license renewal procedures due to military service or some other extenuating circumstance (for example, including a long-term medical disability) may request a waiver of those procedures. The producer may also request a waiver of any examination requirement or any other fine or sanction imposed for failure to comply with renewal procedures.

(d) Repealed by 2009, Adj. Sess., No. 137, § 9, eff. July 1, 2010.

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Cite this article: FindLaw.com - Vermont Statutes Title 8. Banking and Insurance, § 4813g. License - last updated January 01, 2024 | https://codes.findlaw.com/vt/title-8-banking-and-insurance/vt-st-tit-8-sect-4813g/

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