Vermont

Vermont Insurance Licensing Requirements

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On this page, you’ll find a comprehensive guide for becoming a licensed insurance agent in Vermont as well as the state requirements for individual licensing. We’ll walk you through the process, and we’ll be here to answer any questions you have along the way.

The Vermont Department of Financial Regulation requires each person selling insurance in the state to hold an insurance producer license. You will choose which line of authority you want to be licensed in: health insurance, life insurance, property and casualty insurance, or any combination of those lines.

Once you know which license type you need, you’re ready to begin. In the State of Vermont, there are 4 steps to getting your insurance license.

Step 1: Complete a Prelicensing Course

If you would like to sell insurance in Vermont, you must pass a licensing exam. Because the exam will test your knowledge of industry information, insurance policies and products, and state insurance laws, the best way to prepare for the exam is to take a prelicensing education course.

A.D. Banker offers prelicensing courses designed to suit every learning style and will help you pass the exam on your first try. Our online courses may be supplemented with web classes and flashcards to make learning as effective as possible.

Step 2: Pass a Licensing Exam

After you finish your prelicensing course, you are now ready to take the state licensing exam. You must score 70% or higher to pass your state licensing exam. There will be an additional exam fee if you have to retake the test, so it is important to pass the first time.

Step 3: Apply for License

After passing the exam, you are ready to submit your license application and pay the license fee through the National Insurance Producer Registry (NIPR). You must wait 48 hours after passing your exam before submitting your application. You can check the status of your application using NAIC State Based System.

Step 4: Plan for Continuing Education

Continuing education (CE) is required for all Vermont resident producers for license renewal. The continuing education requirements for agent and adjuster licenses are generally 24 hours every two years, including 3 hours of ethics training. There are additional requirements to sell certain products, such as annuities, long-term care, and flood insurance. All CE credits must be complete before your license’s expiration date, or your license may lapse.

Nonresident license holders are currently required to adhere to their home state continuing education requirements.

It’s important to stay on top of any changes to Vermont insurance statutes and continuing education requirements, which can be found on the Vermont Department of Financial Regulation’s website.

Vermont Licensing Exam FAQ

What’s on the state exam?

Prometric provides a Vermont Insurance Licensing Bulletin that includes exam content outlines, which will state topics you are likely to see on the exam. The Licensing Bulletin also provides more information about creating your Prometric account, scheduling your exam appointment, Prometric’s contact info, and some information about the licensing process.

Where can I find more info about Vermont’s licensing process?

The Vermont Department of Financial Regulation has detailed information about the licensing process, application fees, business entity licensing, and more on their website.

Where will I take the state exam?

Remote exams are available to ensure accessibility and safety. These exams require you to have a computer or laptop that is compatible with the ProProctor remote testing platform. If you do not have a compatible computer, you must schedule an in-person exam.
Exams may also be taken in-person at a Prometric testing site. Exams taken at a Prometric location may include an additional provider fee.

How do I schedule my state exam?

Every insurance licensing exam is accompanied by an exam fee that must be paid at the time of reservation by a credit or debit card, voucher, or electronic check. You can schedule your state exam through Prometric.

How should I prepare for my remote state exam?

Run the system check to test the compatibility of your computer, webcam, and microphone. Corded headphones and microphones are allowed, but Bluetooth is not compatible.
Download ProProctor. Please note that the download can take up to 30 minutes, so we recommend you do this before the day of your test to prevent any last-minute technical problems.
Login to the testing platform 15 minutes before your exam reservation time. A state or government ID is required to be presented to verify your identity.
Your remote test requires you to be alone in a private room for the duration of the exam. You must use a desktop or laptop computer. No dual-monitor configurations are allowed. All doors, including a closet or bathroom door, must be shut. The surface you have your computer on must be clear of all objects.

How should I prepare for my in-person state exam?

Report to the testing center 30 minutes before your exam time for the check-in process. You will be required to present a valid government ID.
No personal items are allowed to be taken into the testing center. All personal items, including bags and wallets, must be checked into provided storage space. Cell phones, calculators, electronic devices, and wristwatches are not allowed.
Food and drink are also prohibited. You must stay in the testing center for the duration of the exam. No breaks are allowed.

What score do I need to pass my state exam?

For all insurance exams, you need a score of 70% or higher to pass. Immediately after your exam, you will receive a pass or fail notification.

What happens if I fail my state exam?

You will receive a diagnostic report indicating your strengths and weaknesses on the exam. You can send a copy of your score report to curriculum@adbanker.com for personalized feedback.
You are able to immediately reschedule a new exam without a waiting period. If you would like more detailed information, or if you have any questions about the exam process, please visit Prometric’s website.

Disclaimer

The information provided on this page is for general informational purposes only and does not constitute legal advice. Licensing requirements are subject to change by the Vermont Department of Financial Regulation. Always refer to the official website for the most up-to-date regulations and requirements.