Individual Limited Lines Including Crop, Rental, Surety, Travel and Other
For Information about licensing requirements, how to apply for a license and FAQs. Vermont Law defines a “Limited Lines Producer” to mean a person authorized by the Commissioner to sell, solicit or negotiate limited lines insurance.
LICENSE REQUIREMENTS
In order to obtain a Limited Lines Producer license for Crop; Rental; Surety; Travel or other limited lines an individual must be at least 18 years of age; must be deemed by the Commissioner to be competent, trustworthy and financially responsible; be appointed by a sponsoring insurer and submit a license application and fees.
HOW TO APPLY FOR A LICENSE
Resident and Nonresident - Paper Applications Only
Applicants must submit the following:
- NAIC Uniform Application;
- Resident Fees: Application Fee of $30.00 and a Biennial License Fee of $30.00; or
- Nonresident Fees: Application Fee of $30.00 and license fee for your state of residence (See Fee Chart) to determine the license fee.
Attachment #1 Social Security Disclosure is for your information.
Application Submission Note: Although a license can be issued without an appointment, a licensee cannot act as the agent of an insurer without an agent appointment by the insurer. Each insurer for whom you act as an agent must appoint you. Only an Insurer is authorized to submit an appointment.
FAQs
- What is an appointment?
- What happens if all my appointments are terminated?
- What is the license term and how do I maintain my license?
- What is the renewal fee?
- What are my responsibilities under the license regarding Trust Accounts and Record Retention?
- Who should I contact if I have questions about applying for the license or my responsibilities under the license?
An Insurer is required to submit an appointment for any producer acting as its agent. In order to sell on behalf of an insurer as a Limited Lines Producer an individual must be appointed by an Insurer.
What happens if all my appointments are terminated?
Your license will be inactivated. In order to maintain a license you must have an active appointment by an Insurer.
What is the license term and how do I maintain my license?
The license term is April 1st to March 31st of odd years. The Department will send out renewal notices for existing licensees at the beginning of the odd year. Note the license term is fixed and there is no prorating of license fees.
2011 renewal fee chart.
What are my responsibilities under the license regarding Trust Accounts and Record Retention?
- Comply with the Trust Account requirements of Regulation 95-1, Trust Accounts.
- Comply with the Record Retention requirements of Regulation 99-1, Record Retention.
Who should I contact if I have questions about applying for the license or my responsibilities under the license?
Vermont Department of Banking, Insurance,
Securities and Health Care Administration
89 Main Street
Montpelier, VT 05620-3101
Phone: 802-828-3303
FAX: 802-828-1633
Email: bishca.producerlicensing@state.vt.us
| Attachment | Size |
|---|---|
| Form_Attachment_1.pdf | 116.62 KB |
| Fee_Chart_LL_Prod.pdf | 20.61 KB |
| Fee_Chart_Renewal_LL_Prod.pdf | 20.3 KB |