Important Notices

Update **IMPORTANT NOTICE VERMONT APPOINTMENT RENEWALS**

On April 1, 2015, Notification is given to all Insurers of the upcoming Appointment Renewals. Producer Appointments are renewed automatically on June 1, 2015. On June 2, 2015, the Department will print and send to each insurer a list of producers whose appointment has been renewed with that insurer. An invoice will accompany this list, and the invoice must be returned with payment no later than June 30, 2015. At this time there are no Electronic Payment options for Renewal Invoices. There will be no opportunity to terminate or otherwise non-renew producer appointments based on this list since the appointments will have already been renewed as of June 1, 2015. Accordingly, it is essential for insurers to manage producer appointment terminations prior to the appointment renewal date of June 1, 2015. In order to avoid renewing an appointment, the department must receive an appointment termination no later than May 27, 2015 electronically via SIRCON or NIPR. The Department requires that you submit terminations electronically.


Update: IMPORTANT NOTICE MANDATORY ELECTRONIC LICENSE SUBMISSIONS FOR NON-RESIDENTS

On September 1, 2012, ALL Non Resident Producer, Business Entity, and Surplus Lines Broker license applications were required to be submitted electronically to the Department.

Effective July 1, 2014 - ALL Non Resident PC Adjuster, DHS Adjuster, WC Adjuster, Crop Adjuster, Public Adjuster, Appraiser, Title Agent and Limited Lines Producer and Limited Lines Business Entity license applications must now be submitted electronically to the Department. This requirement includes the submission of supporting background documentation during the electronic application submission. An applicant may request a hardship exception to this requirement by stating the grounds for the hardship, and submitting the request by fax to 802-828-1633.


Update: IMPORTANT NOTICE REPORTING OF ACTIONS (ROA) AND BACKGROUND QUESTION SUPPORTING DOCUMENTS (BQSD)

On September 1, 2012 - ALL Non Resident licensees were required to report electronically administrative, criminal and applicable civil actions electronically, with the exception of Adjusters with a DHS.

Effective July 1, 2014 - ALL Non Resident Licensees including DHS Adjusters must report ROA's done outside the application or renewal process using NIPR's Attachments Warehouse at www.nipr.com 

Background Question Supporting Documents (BQSD) - New applications or renewal applications submitted electronically who have an affirmative answer to a background question will be prompted to attach their backup documentation during the application or renewal process. A licensee may request a hardship exception to this requirement by stating the grounds for the hardship, and submitting the request by fax to 802-828-1633.


Update: IMPORTANT NOTICE NEW NAIC UNIFORM APPLICATION REQUIRED

Effective July 1, 2014,  the Department will only accept the newest version of the NAIC Uniform Application for those license types that have not been opened up electronically.  The 2014 version is a 5 page application and has "2014 National Association of Insurance Commissioners" at the bottom of the application. Applicants can link to the application on our website. 


IMPORTANT NOTICE FOR INDIVIDUAL TYPE LICENSEES WHO MISSED THE MARCH 31, 2014 LICENSE RENEWAL DEADLINE

Vermont Individual type licenses for Adjusters, Appraisers, Consultants, Reinsurance Intermediaries, Surplus Lines Brokers and Life Settlement Broker licenses renewed on March 31, 2014. Accordingly, the license of an Individual who did not renew as of March 31, 2014 has now lapsed. Vermont does not have a “grace period” for a license renewal, and a license cannot be “reactivated”. Individuals, whose license has lapsed, must apply for a new license. In order to apply for a license, choose the license type on the main page and follow the instructions listed under How to Apply for a License.


VERMONT ACCEPTS ADJUSTER DESIGNATED HOME STATE (ADHS) APPLICATIONS FOR NON RESIDENT ADJUSTERS

The Department is pleased to announce it is now accepting ADHS applications. An applicant applying for a license who has designated a home state will be able to obtain a Vermont adjuster license electronically using the National Insurance Producer Registry (NIPR). Individuals that already hold a Vermont non-resident adjuster license and have designated a home state will be able to renew electronically using their ADHS. Please note, Vermont does not allow non-resident adjusters to designate Vermont as a home state.


IMPORTANT NOTICE: DEPARTMENT ISSUES BULLETIN #172 STAFF ADJUSTERS

November 15, 2012, the Department has received a number of inquiries from insurers asking if Vermont law provides an exception to the adjuster licensing requirement if the individual adjusting is a staff adjuster of the insurer. The answer is NO, there is NO exception for the adjuster licensing requirement, unless the insurer is a Vermont Domestic fire or casualty company. See Title 8 V.S.A. § 4791(3). Insurers should review their licensing protocols to ensure their adjusters handling Vermont claims are properly licensed. For information about how to obtain a license, go to www.vermontinsuranceagent.info


IMPORTANT NOTICE COMPANY APPOINTMENTS

Effective July 1, 2012, the Department will only accept appointment and appointment termination requests electronically. An insurance company will need to either establish a relationship with NIPR directly at http://www.nipr.com (this will require programming on the part of the insurance company) or go to SIRCON (Vertafore) who is also the Department’s software provider at http://www.vertafore.com/sircon Please Note: any paper requests submitted after July 1, 2012, will not be processed and will not be returned. Companies with questions should contact Sandra Fraser, Licensing Supervisor at Sandra.Fraser@state.vt.us


IMPORTANT NOTICE PRINTING AND MAILING OF NON RESIDENT LICENSES

Effective September 1, 2012 The Vermont Department of Financial Regulation (DFR) will no longer be sending out an initial paper license or renewal license to Non Resident licensees. NOTE: The Department does NOT require a licensee to possess a paper copy of their license.

A licensee can confirm that their license has been renewed or issued; by checking their License Status Here you can print a copy of your license information for your records at no cost.