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The Vermont Statutes Online
Title
08
:
Banking and Insurance
Chapter
131
:
LICENSING REQUIREMENTS
Subchapter
001A
:
PRODUCER LICENSING REQUIREMENTS
§
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 which
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.)