§4813G. License

Link to law: http://legislature.vermont.gov/statutes/section/08/131/04813g
Published: 2015

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The Vermont Statutes Online



Banking and Insurance








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(d) [Repealed.]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.)