IMPORTANT NOTICE: Bail Bond Agents who have missed the March 31, 2013 license renewal deadline
Vermont Bail Bond Agent licenses renewed on March 31, 2013. Accordingly, the license of a Bail Bond Agent 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”. Bail Bond Agents, 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.
An applicant must submit to the Sponsoring Insurer the following:
Attachment #1 Social Security Disclosure is for your information.
Application Submission Note: A license cannot be issued without an appointment. Only an Insurer is authorized to submit an appointment. You should contact the Insurer that is appointing you and forward your application and applicable fees to the Insurer. The Insurer will submit the Application and Fees to the Department, along with the appropriate Appointment form.
Once you are licensed, additional Insurers can submit subsequent appointments without any additional documentation from you.
Yes. See Title 13 §7554a.
Approval of fidelity companies and agents; duty of court administrator. The court administrator, after consultation with the Commissioner of Banking, Insurance, Securities, and Health Care Administration, may approve an entity that is licensed or authorized under the provisions of Chapter 111 of Title 8, and any agent who is licensed under the provisions of Chapter 131 of Title 8, to act as a surety, or on behalf of a surety, in this state to execute a bond in the form established by the court administrator under subsection 7554(i) of this Title, or post bail as required as a condition of release, and if so approved, the entity or agent shall not need to be approved by any court, judicial officer or any other person.
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 bail bonds must be licensed as a Bail Bond Agent.
Yes, Vermont is an appointment state. If an insurer does business with a Bail Bond Agent as its agent, the insurer must appoint the Bail Bond Agent as its agent. Without the appointment, a Bail Bond Agent can not hold a license.
A Bail Bond Agent must be appointed at the time of application.
Yes. Many transactions involving collateral require a trust account. For more information about trust account requirements see Regulation 95- 1.
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 Financial Regulation
Insurance Division – Producer Licensing
89 Main Street
Montpelier, VT 05620-3101
(802) 828-3303 Telephone
(802) 828-1633 Fax
|Bail Bond Agent Initial Fee Chart.pdf||17.9 KB|