Vermont Property & Casualty Insurance License Exam — All Questions
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2 questions
Vermont Licensing & CE
Before a licensed Vermont producer may transact business for a specific insurer, what must occur?
- a.Nothing further once the license is issued
- b.The insurer must appoint the producer, with the appointment on file with DFR✓
- c.The producer must post a surety bond with the state treasurer
- d.The producer must become a resident of the insurer's home state
A license lets a person act as a producer, but to represent a specific insurer that company must appoint the producer, with the appointment on file with the Vermont Department of Financial Regulation. A producer may hold appointments from several insurers at once.
Vermont Licensing & CE
Which statement best describes continuing education (CE) for a Vermont resident P&C producer?
- a.CE is never required
- b.CE is required only before the first renewal
- c.State-approved continuing education, including an ethics component, is required each renewal cycle✓
- d.CE can be satisfied only by retaking the licensing exam
Following the NAIC model, Vermont requires resident producers to complete approved continuing education each renewal cycle, including ethics. The exact hour totals are set by the Vermont Department of Financial Regulation and should be verified before renewal.