Are you searching for Vermont insurance licensing tips to earn your insurance license? Then you have come to the right place, as we have done the research on the licensing process, referring to the cost, time, and steps of Vermont licensure.
The only difficult part of getting a Vermont insurance license may be preparing for the exam and passing it. The exam is intentionally difficult, but not improbable to pass.
If you study hard, you will pass the exam easily. However, if you fail, you will still be able to retake it, learning from your past mistakes.
To start with, you should prepare for the exam and obtain the required education. In addition to this, the state of Vermont does not claim completing a certain amount of credit hours. On the contrary, you will not need to present any certificate of course completion.
As you may see, the studies are entirely up to you and you may match the studying procedure to your own interests. Thus, you can plan the process by yourself and choose self-study. Providing that you buy books and self-study tools, you will be in good standing.
Nonetheless, considering the difficulty and nature of the upcoming exam, it would also be preferable to find an approved course provider and take insurance classes from them.
To obtain your Vermont insurance license, you should take and pass the state licensing exam. You will be taking one exam for each combined line of insurance you want.
To register and schedule en exam, go through the third party vendor online services. If you do not have an account, create one and schedule any Vermont insurance exam that you are eligible to test on.
It is important to know that you should not register for the exam too soon or before you are ready as the registration is only valid for 90 days.
After passing the state exam, you should wait 48 hours to apply for the insurance license. Click here to apply online and pay the $60 online application fee.
If you choose paper application, you should submit additional paperwork to the Vermont Insurance Department. You should also pay the application fee of $30.00 and a license fee of $30.00.
Department of Financial Regulation
Consumer Services
89 Main Street, Montpelier, VT 05620 – 3101
802-828-3301
833-DFR-HOTLINE (toll free)
833-337-4685 (toll free)
To become a licensed insurance agent in Vermont, you should pay the following fixed fees. In the first place, you should pay for examination: the price varies between $50 and $65, depending on the line of authority.
Then you should pay $60 for license application. In case you decide to make any changes in the application or add any line of authority, you will need to pay additional $30 amendment fee.
Lastly, you will also need to pay for exam preparation providing that you choose an educational package instead of studying on your own.
After you submit the application for the insurance license, it will take you 72 hours to receive the license.
The entire process actually takes longer, as you will need to prepare for the exam, take it and submit the application. It takes most applicants about three to four months to get ready for the exam.
However, if you are a quick studier, it may take you about two months. It is not advisable to hurry and finish education in less than two months, as the risk of failing is too high.