IMPORTANT NOTICE: Business Entity Limited Lines Producers who have missed the March 31, 2013 license renewal deadline
Vermont Business Entity Limited Lines Producer licenses renewed on March 31, 2013. Accordingly, the license of a Business Entity Limited Lines Producer who did not renew as of March 31, 2013 has now lapsed. Vermont does not have a “grace period” for a license renewal, and a license cannot be “reactivated”. Business Entity Limited Lines Producers, whose license has lapsed, must apply for a new license in order to sell, solicit or negotiate insurance in Vermont. In order to apply for a license, follow the instructions below under How To Apply For A License.
For information about licensing requirements, how to apply for a license and FAQs.
“Rental Car Insurance” means insurance offered, sold or solicited in connection with and incidental to the rental of rental cars, whether at the rental office or by preselection of coverage in master, corporate, group or individual agreements that: (i) is not transferable; (ii) applies only to the rental car that is the subject of the rental agreement; and (iii) is limited to the following kinds of insurance:
In order to obtain a Limited Lines License and applicant must be deemed to be competent, trustworthy and financially responsible; have a sponsoring insurer; and submit a license application and fees.
Resident and Nonresident – Paper Application Only
The Business Entity must submit the following:
Attachment #1 Social Security Disclosure is for your information.
A sponsoring insurer must complete the following and submit to the Department if the Business Entity will be an agent of the insurer and will be using unlicensed employees to sell:
A Business Entity Limited Lines producer license for Rental Car Insurance is a license that enables employees of the business entity to sell rental insurance without further licensure subject to the requirements and limitations of Regulation I-2002-02.
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, license fees are not prorated and the license term is fixed, regardless of time of application.
2013 renewal fee chart.
Anyone who intends to sell, solicit or negotiate rental insurance must be licensed as a limited lines producer or must be an employee of a business entity that satisfies the requirements of Regulation I-2002-02.
Yes, See Regulation I-2002-02.
See Section 7 thru 10 of Regulation I-2002-02.
For answers to additional questions that have not been addressed in the FAQs above, send an email to email@example.com please be sure to provide a telephone number where we can contact you.
Vermont Department of Banking, Insurance,
Securities and Health Care Administration
Producer Licensing Section
89 Main Street
Montpelier, VT 05620-3101
(802) 828-3303 Telephone
(802) 828-1633 Fax