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The Vermont Statutes Online
Title
08
:
Banking and Insurance
Chapter
131
:
LICENSING REQUIREMENTS
Subchapter
001A
:
PRODUCER LICENSING REQUIREMENTS
§
4813g. License
(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(d) [Repealed.] (Added 2001, No. 97 (Adj. Sess.), § 18;
amended 2009, No. 137 (Adj. Sess.), § 9.)
