reglab/housing_qa huggingface dataset:
8 V.S.A. § 4797
2021 Vermont Statutes|Title 8 - Banking and Insurance|Chapter 131 - Licensing Requirements|§ 4797. License contents

§ 4797. License contents|The license shall state the name, address, date of issue, the renewal, or expiration date, the line or lines of insurance covered by the license, and such other information as the Commissioner deems proper for inclusion. (Amended 1967, No. 39, § 1; 1971, No. 14, § 1, eff. March 11, 1971; 1973, No. 217 (Adj. Sess.), § 7; 1975, No. 78, § 3; 2001, No. 97 (Adj. Sess.), § 6.)
8 V.S.A. § 4798
2021 Vermont Statutes|Title 8 - Banking and Insurance|Chapter 131 - Licensing Requirements|§ 4798. Term of license

§ 4798. Term of license|(a) Except as provided by subsections (b) and (d) of this section, all licenses issued pursuant to this subchapter shall continue in force not longer than 24 months.(b)(1) All licenses of insurance producers and limited lines producers issued pursuant to this subchapter shall expire as of 12:01 a.m. o'clock on the first day of April of the odd-numbered year next following date of issuance; and  (2) all other license types issued pursuant to this subchapter shall expire as of 12:01 a.m. o'clock on the first day of April of the even-numbered year following the date of issuance; unless (3) the licensee prior thereto has filed with the Commissioner, on forms prescribed and furnished by the Commissioner, a request for renewal of such license for an ensuing 24-month period. Such request must be accompanied by payment of the renewal fee as provided in subdivision 4800(2) of this title.   (c) In order to spread continuation of insurance producer and limited lines producer appointment renewals with reasonable uniformity throughout the calendar year, the Commissioner may fix a date, "insurer's anniversary," upon which all such renewals of persons licensed under this chapter who have been appointed by that insurer shall be subject to renewal as to that particular insurer.(d) Producer appointments shall expire as of 12:01 a.m. on the first day of June following the date of issuance. Annually, before the expiration of producer appointments, the Commissioner shall provide each insurer with an alphabetical appointment renewal list of the names for all of its producers in the State. Each insurer shall return the list and identify the producer appointments to be renewed in a manner and time specified by the Commissioner. Payment of the annual producer appointment renewal fee, as specified in section 4800 of this title, shall be made in a manner and time specified by the Commissioner. (Added 1969, No. 175 (Adj Sess.), § 8, eff. March 5, 1970; amended 1973, No. 217 (Adj. Sess.), § 8; 1985, No. 236 (Adj. Sess.), § 2, eff. June 3, 1986; 1999, No. 87 (Adj. Sess.), § 1; 2001, No. 97 (Adj. Sess.), § 7; 2019, No. 70, § 2, eff. June 1, 2021; 2019, No. 131 (Adj. Sess.), § 6.)
8 V.S.A. § 4800a
2021 Vermont Statutes|Title 8 - Banking and Insurance|Chapter 131 - Licensing Requirements|§ 4800a. Continuing education

§ 4800a. Continuing education|(a) An applicant for an insurance producer license renewal shall demonstrate satisfactory completion of 24 hours of continuing education during the preceding two years.(b) The Commissioner shall adopt such rules as are needed to carry out the purposes of this section. Such rules shall include:  (1) a process for the formation and operation of an advisory council of insurance professionals and consumers to advise the Commissioner on matters relating to continuing education; (2) a process for the approval of courses; (3) a process for the approval of course providers; (4) standards for courses; and (5) procedures for documenting satisfactory completion of courses.   (c) For good cause shown, the Commissioner may extend for no longer than six months the period of time for completion of the educational requirements of this section.(d) This section shall not apply to a nonresident insurance producer who resides in a state or district that has a continuing education requirement and who has satisfied such requirement, and submits adequate documentation of continuing education completion to the Commissioner.(e) The license of an applicant who has failed to satisfy the continuing education requirements of this section, and who has not been granted an extension of time as set forth in subsection (c) of this section, shall not be renewed.(f) The Commissioner shall suspend the license of any applicant who, after receiving an extension of time as set forth in subsection (c) of this section, has not satisfactorily completed the continuing education requirement.(g) The Commissioner may contract with an outside vendor to administer continuing education requirements, including approval of courses and course providers; collection and maintenance of insurance producer record-keeping; and compliance monitoring. The costs of an outside vendor shall be borne by applicants for insurance producer license renewal and by course providers through fees imposed by the outside vendor. All fees charged by the outside vendor will be subject to the prior approval of the Commissioner and may be payable to the outside vendor, notwithstanding 32 V.S.A. § 502(a).(h) [Deleted.]  (Added 1999, No. 87 (Adj. Sess.), § 3; amended 2001, No. 97 (Adj. Sess.), §§ 9, 20.)
8 V.S.A. § 4805
2021 Vermont Statutes|Title 8 - Banking and Insurance|Chapter 131 - Licensing Requirements|§ 4805. Hearings

§ 4805. Hearings|All hearings held pursuant to this subchapter shall be governed by the provisions of 3 V.S.A. chapter 25. (Amended 1973, No. 217 (Adj. Sess.), § 15.)
8 V.S.A. § 4806
2021 Vermont Statutes|Title 8 - Banking and Insurance|Chapter 131 - Licensing Requirements|§ 4806. Suspension, revocation, or termination of license

§ 4806. Suspension, revocation, or termination of license|(a) The Commissioner shall promptly notify all appointing insurers, where applicable, and the licensee regarding any suspension, revocation, or termination of license by the Commissioner.(b) Upon suspension, revocation, or termination of the license of a resident of this State, the Commissioner shall notify the central office of the National Association of Insurance Commissioners and the commissioner of each state for whom the licensee has executed a certificate as provided for in accordance with subdivision 4800(3) of this title.(c)-(e) [Repealed.]  (Added 1963, No. 178, § 1, eff. June 27, 1963; amended 1973, No. 217 (Adj. Sess.), § 16; 2001, No. 97 (Adj. Sess.), § 13; 2021, No. 25, § 9, eff. May 12, 2021.)
8 V.S.A. § 4807
2021 Vermont Statutes|Title 8 - Banking and Insurance|Chapter 131 - Licensing Requirements|§ 4807. Surplus lines insurance broker

§ 4807. Surplus lines insurance broker|(a) Every surplus lines insurance broker who solicits an application for insurance of any kind, in any controversy between the insured or his or her beneficiary and the insurer issuing any policy upon such application, shall be regarded as representing the insured and his or her beneficiary and not the insurer; except any insurer which directly or through its agents delivers in this State to any surplus lines insurance broker a policy or contract for insurance pursuant to the application or request of the surplus lines insurance broker, acting for an insured other than himself or herself, shall be deemed to have authorized the surplus lines insurance broker to receive on its behalf payment of any premium which is due on the policy or contract for insurance at the time of its issuance or delivery.(b) [Repealed.](c) Notwithstanding any other provision of this title, a person licensed as a surplus lines insurance broker in his or her home state shall receive a nonresident surplus lines insurance broker license pursuant to section 4800 of this chapter.(d) Not later than July 1, 2012, the Commissioner shall participate in the national insurance producer database of the NAIC, or any other equivalent uniform national database, for the licensure of surplus lines brokers and the renewal of such licenses. (Added 1973, No. 217 (Adj. Sess.), § 17; amended 1981, No. 210 (Adj. Sess.), § 2; 2001, No. 97 (Adj. Sess.), § 14; 2009, No. 137 (Adj. Sess.), § 9a; 2011, No. 49, § 12, eff. May 26, 2011.)
8 V.S.A. § 4808
2021 Vermont Statutes|Title 8 - Banking and Insurance|Chapter 131 - Licensing Requirements|§ 4808. Representative of fraternal benefit societies

§ 4808. Representative of fraternal benefit societies|Representatives of fraternal benefit societies who sell, solicit, and negotiate insurance contracts shall be deemed insurance producers and subject to the same licensing requirements as insurance producers. (Added 1973, No. 217 (Adj. Sess.), § 18; amended 2001, No. 97 (Adj. Sess.), § 15.)
8 V.S.A. § 4809
2021 Vermont Statutes|Title 8 - Banking and Insurance|Chapter 131 - Licensing Requirements|§ 4809. Countersignature

§ 4809. Countersignature|Notwithstanding any other provisions of the statutes of this State, there shall be no requirement that an insurance producer who is a resident of this State must countersign a policy of insurance written by a foreign insurance company. (Added 1973, No. 217 (Adj. Sess.), § 19; amended 2001, No. 97 (Adj. Sess.), § 16.)
8 V.S.A. § 4812
2021 Vermont Statutes|Title 8 - Banking and Insurance|Chapter 131 - Licensing Requirements|§ 4812. Rules and regulations

§ 4812. Rules and regulations|The Commissioner of Financial Regulation may adopt reasonable rules and regulations for the implementation and administration of the provisions of this chapter. (Added 1973, No. 217 (Adj. Sess.), § 22; amended 1989, No. 225 (Adj. Sess.), § 25; 1995, No. 180 (Adj. Sess.), § 38; 2001, No. 97 (Adj. Sess.), § 17; 2011, No. 78 (Adj. Sess.), § 2, eff. April 2, 2012.)
8 V.S.A. § 4813
2021 Vermont Statutes|Title 8 - Banking and Insurance|Chapter 131 - Licensing Requirements|§ 4813. Purpose and scope

§ 4813. Purpose and scope|This subchapter governs the qualifications and procedures for the licensing of insurance producers. It simplifies and organizes some statutory language to improve efficiency, permits the use of new technology, and reduces costs associated with issuing and renewing insurance licenses. (Added 2001, No. 97 (Adj. Sess.), § 18.)
8 V.S.A. § 4813b
2021 Vermont Statutes|Title 8 - Banking and Insurance|Chapter 131 - Licensing Requirements|§ 4813b. License required

§ 4813b. License required|A person shall not sell, solicit, or negotiate insurance in this State for any class or classes of insurance unless the person is licensed for that line of authority in accordance with this subchapter. (Added 2001, No. 97 (Adj. Sess.), § 18.)
8 V.S.A. § 4813c
2021 Vermont Statutes|Title 8 - Banking and Insurance|Chapter 131 - Licensing Requirements|§ 4813c. Duties

§ 4813c. Duties|(a) A person not duly licensed as an insurance producer or limited lines producer, who sells, solicits, or negotiates insurance policies on behalf of an insurer, shall be deemed a producer acting as the agent of such insurer within the intent of this subchapter, and shall be liable for all the duties, requirements, liabilities, and penalties to which an insurance producer or limited lines producer is subject, and the insurer, by compensating the person through any of its officers, agents, or employees for soliciting policies of insurance, shall accept and acknowledge that person as its agent in such a transaction.(b) A person not licensed as an insurance producer or limited lines producer, who sells, solicits, or negotiates insurance on behalf of others or transmits for others an application for a policy of insurance to or from an insurer, or offers or assumes to act in the negotiations of insurance, shall be a producer within the intent of this subchapter, and shall be liable for all the duties, requirements, liabilities, and penalties to which licensed insurance producers or limited lines producers are subject.(c) Every insurance producer or limited lines producer acting as an agent of an insurer, who sells, solicits, or negotiates insurance of any kind shall, in any controversy between the insured or his or her beneficiary and the insurer, be regarded as representing the insurer and not the insured or his or her beneficiary for whose acts the insurer will be responsible.(d) Every insurance producer or limited lines producer, not acting as the agent of an insurer, who sells, solicits, or negotiates insurance of any kind shall, in any controversy between the insured and his or her beneficiary and the insurer issuing any policy of insurance, be regarded as representing the insured or his or her beneficiary and not the insurer, except any insurer which directly or through its agents delivers in this State to any producer a policy or contract for insurance pursuant to the application or request of the producer, acting for an insured other than himself or herself shall be deemed to have authorized the producer to receive on its behalf payment of any premium which is due on the policy, or contract for insurance at the time of its issuance or delivery. (Added 2001, No. 97 (Adj. Sess.), § 18.)
8 V.S.A. § 4813e
2021 Vermont Statutes|Title 8 - Banking and Insurance|Chapter 131 - Licensing Requirements|§ 4813e. Application for examination

§ 4813e. Application for examination|A resident individual applying for an insurance producer license shall pass a written examination as set forth in subdivision 4800(3)(E) of this title unless exempt pursuant to section 4813i of this subchapter. (Added 2001, No. 97 (Adj. Sess.), § 18.)
8 V.S.A. § 4813f
2021 Vermont Statutes|Title 8 - Banking and Insurance|Chapter 131 - Licensing Requirements|§ 4813f. Application for license

§ 4813f. Application for license|(a) An individual applying for a resident insurance producer license shall make application to the Commissioner on the Uniform Application, and declare under penalty of refusal, suspension, or revocation of the license that the statements made in the application are true, correct, and complete to the best of the individual's knowledge and belief. Before approving the application, the Commissioner shall find that the individual:  (1) is at least 18 years of age; (2) has not committed any act that is a ground for denial, suspension, or revocation set forth in section 4804 of this title; (3) is competent, trustworthy, financially responsible, and of good personal and business reputation; (4) has paid the fees set forth in section 4800 of this title; and (5) has successfully passed the examinations for the lines of authority for which the person has applied.   (b) As soon as practicable, but no later than April 1, 2003, the Commissioner shall permit a business entity to be licensed as an insurance producer. Application shall be made using the Uniform Business Entity Application. Except as permitted by regulation, licensure of a business entity shall not relieve any natural person who sells, solicits, or negotiates insurance of the requirement to be licensed under this chapter. Before approving the application, the Commissioner shall find that:  (1) The business entity has paid the fees set forth in section 4800 of this title. (2) The business entity has designated a licensed producer who is a natural person responsible for the business entity's compliance with the insurance laws, rules, and regulations of this State.   (c) The Commissioner may require any documents reasonably necessary to verify the information contained in an application. (Added 2001, No. 97 (Adj. Sess.), § 18.)
8 V.S.A. § 4813g
2021 Vermont Statutes|Title 8 - Banking and Insurance|Chapter 131 - Licensing Requirements|§ 4813g. License

§ 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.)
8 V.S.A. § 4813h
2021 Vermont Statutes|Title 8 - Banking and Insurance|Chapter 131 - Licensing Requirements|§ 4813h. Nonresident licensing

§ 4813h. Nonresident licensing|(a) Unless denied licensure pursuant to section 4804 of this title, a nonresident person shall receive a nonresident producer license if:  (1) The person is currently licensed as a resident and in good standing in his or her home state; (2) The person has submitted the proper request for licensure and has paid the fees required by section 4800 of this title; (3) The person has submitted or transmitted to the Commissioner the application for licensure that the person submitted to his or her home state, or in lieu of the same, a completed Uniform Application; and (4) The person's home state awards nonresident producer licenses to residents of this State on the same basis.   (b) The Commissioner may verify the producer's licensing status through the producer database maintained by the National Association of Insurance Commissioners, its affiliates or subsidiaries.(c) A nonresident producer who moves from one state to another state or a resident producer who moves from this State to another state shall file a change of address and provide certification from the new resident state within 30 days of the change of legal residence. No fee or license application is required.(d) Notwithstanding any other provision of this chapter, the Commissioner may allow a person licensed as a limited lines producer in his or her home state to receive a nonresident limited lines producer license, pursuant to subsection (a) of this section, granting the same scope of authority as granted under the license issued by the producer's home state. For the purposes of this section, limited lines insurance is any authority granted by the home state which restricts the authority of the license to less than the total authority prescribed in the associated major lines pursuant to subdivisions 4813g(a)(1) through (6) of this subchapter. (Added 2001, No. 97 (Adj. Sess.), § 18.)
8 V.S.A. § 4813i
2021 Vermont Statutes|Title 8 - Banking and Insurance|Chapter 131 - Licensing Requirements|§ 4813i. Exemption from examination

§ 4813i. Exemption from examination|(a) An individual who applies for an insurance producer license in this State who was previously licensed for the same lines of authority in another state shall not be required to complete any prelicensing education or examination. This exemption is only available if the person is currently licensed in that state or if the application is received within 90 days of the cancellation of the applicant's previous license and if the prior state issues a certification that, at the time of cancellation, the applicant was in good standing in that state or the state's producer database records, maintained by the National Association of Insurance Commissioners, its affiliates or subsidiaries, indicate that the producer is or was licensed in good standing for the line of authority requested.(b) A person licensed as an insurance producer in another state who moves to this State shall make application within 90 days of establishing legal residence to become a resident licensee pursuant to section 4813f of this subchapter. No prelicensing education or examination shall be required of that person to obtain any line of authority previously held in the prior state except where the Commissioner determines otherwise by regulation.(c) A person who applies for a limited lines producer license for travel accident or travel baggage insurance shall not be required to be examined by the Commissioner.(d), (e) [Repealed.](f) At the discretion of the Commissioner, a limited lines producer may be exempt from examination. (Added 2001, No. 97 (Adj. Sess.), § 18; amended 2009, No. 137 (Adj. Sess.), § 12.)
8 V.S.A. § 4813j
2021 Vermont Statutes|Title 8 - Banking and Insurance|Chapter 131 - Licensing Requirements|§ 4813j. Assumed names

§ 4813j. Assumed names|An insurance producer doing business under any name other than the producer's legal name is required to notify the Commissioner prior to using the assumed name. (Added 2001, No. 97 (Adj. Sess.), § 18.)
8 V.S.A. § 4813k
2021 Vermont Statutes|Title 8 - Banking and Insurance|Chapter 131 - Licensing Requirements|§ 4813k. Temporary licensing

§ 4813k. Temporary licensing|(a) The Commissioner may issue a temporary insurance producer license for a period not to exceed 180 days without requiring an examination if the Commissioner deems that the temporary license is necessary for the servicing of an insurance business in the following cases:  (1) To the surviving spouse or court-appointed personal representative of a licensed insurance producer who dies or becomes mentally or physically disabled to allow adequate time for the sale of the insurance business owned by the producer or for the recovery or return of the producer to the business or to provide for the training and licensing of new personnel to operate the producer's business; (2) To a member or employee of a business entity licensed as an insurance producer, upon the death or disability of an individual designated in the business entity application or license; (3) To the designee of a licensed insurance producer entering active service in the Armed Forces of the United States of America; or (4) In any other circumstance where the Commissioner deems that the public interest will best be served by the issuance of this license.   (b) The Commissioner may, by order, limit the authority of any temporary licensee in any way deemed necessary to protect insureds and the public. The Commissioner may require the temporary licensee to have a suitable sponsor who is a licensed producer or insurer and who assumes responsibility for all acts of the temporary licensee and may impose other similar requirements designed to protect insureds and the public. The Commissioner may, by order, revoke a temporary license if the interest of insureds or the public is endangered. A temporary license may not continue after the owner or the personal representative disposes of the business. (Added 2001, No. 97 (Adj. Sess.), § 18.)