Producer and Individual Licensing

Notices for Producer and Individual Licensing

Reminder to all Resident Producer License Holders

Your producer license requires continuing education in order to be eligible for license renewal. If you have not completed the required CE credits, or you do not request an extension before your license expiration date on March 31, 2021, your license will not be renewed pursuant to Title 8 V.S.A Section 4800a. You can review your transcript at www.sircon.com/vermont. If you have completed the CE requirement your status will show Compliant, and if you have not completed your requirement your status will show Pending. To correct credit discrepancies, you must contact your education provider(s) directly. NOTE: If you need to take additional classes for CE credit, please be aware that the provider has 15 days to submit credits to be banked, so plan accordingly. For good cause shown, the Commissioner may extend, for no longer than six months, the period of time for completion of continuing education requirements for a review period. To request an extension, please visit our website at http://www.dfr.vermont.gov/insurance/producer-licensing/producer-license... go to the bottom of the page. You will find the form necessary to request the extension, which needs to be in our office by close of business on March 31, 2021.

Common Expiration Date of March 31

As a reminder to all current licensees and applicants Vermont Resident/Non-Resident Producer, Limited Lines Producer, Title Producer, Bail Bond Agent, Managing General Agent, Business Entity, and Limited Lines Business Entity are set to expire on 03/31/2021. If you apply for a license now, you will pay the initial license and application fee for a license that expires on March 31, 2021.  You will also receive an invoice for the license renewal fee prior to the expiration date of that license. All applications received at the Insurance Department after March 1st, of the odd year will not be issued effective until April 1st, of the same odd year, unless a specific request is made.

Electronic Payment of Vermont Appointment Invoices

Beginning August 14, 2020, the State of Vermont will allow carriers to pay their monthly Appointment Billing invoices using Sircon’s electronic payment portal at www.sircon.com. You will be able to submit payment for all monthly appointment billing invoices for your company in a single transaction through the State Invoice Payment service without having to pay each invoice separately. To use this service, you must be a Sircon account holder. Effective September 1st, 2020 this will be the state’s preferred method of payment.

Read the full memo. 

Remotely Proctored Licensing Exams Available in Vermont

The Vermont Department of Financial Regulation and Prometric are pleased to announce the availability of the Vermont Insurance exams via Remotely Proctored testing using Prometric’s ProProctor™ application.  

You may schedule remotely proctored for your Vermont Insurance exams. To schedule, candidates should contact the Prometric Contact Center using the state’s toll-free number 800-868-6113 between 8 a.m. and 9 p.m. (Eastern time), Monday through Friday. At the end of the call, you will receive a confirmation number for your appointment and will receive an email confirmation with instructions. Record and keep this confirmation number for your records as you will need it to launch your exam. Please go to https://www.prometric.com/vermont/insurance for more information. Also, a demo of the new application is also available: https://www.prometric.com/ProProctor.

Changes to the Fee Schedule

Vermont implemented changes to its fee schedule during this recent legislative session. As a result, producer appointment and adjuster/appraiser fees increased to $120 on July 1, 2019. The Vermont DFR is aware that some carriers who submitted their appointments prior to July 1, 2019 were incorrectly billed at the new rate. Carriers need not pay these incorrect invoices. Corrected invoices will be going out shortly.  In the interim, if you have questions as to the appointment fees charged please call the Producer Licensing section at 802-828-2370.