State Codes and Statutes
Statutes > Vermont > Title-08 > Chapter-131 > 4813i
§ 4813i. Exemption from examination
(a) An individual who applies for an insurance producer license in this state who was previously licensed for the same lines of authority in another state shall not be required to complete any prelicensing education or examination. This exemption is only available if the person is currently licensed in that state or if the application is received within 90 days of the cancellation of the applicant's previous license and if the prior state issues a certification that, at the time of cancellation, the applicant was in good standing in that state or the state's producer database records, maintained by the National Association of Insurance Commissioners, its affiliates or subsidiaries, indicate that the producer is or was licensed in good standing for the line of authority requested.
(b) A person licensed as an insurance producer in another state who moves to this state shall make application within 90 days of establishing legal residence to become a resident licensee pursuant to section 4813f of this subchapter. No prelicensing education or examination shall be required of that person to obtain any line of authority previously held in the prior state except where the commissioner determines otherwise by regulation.
(c) A person who applies for a limited lines producer license for travel accident or travel baggage insurance shall not be required to be examined by the commissioner.
(d) At the discretion of the commissioner, an applicant who has attained the designation of chartered life underwriter shall only be required to take that portion of the life examination pertaining to rules, regulations and state laws.
(e) At the discretion of the commissioner, an applicant who has attained the designation of chartered property and casualty underwriter shall only be required to take that portion of the property and casualty examinations pertaining to rules, regulations and state law.
(f) At the discretion of the commissioner, a limited lines producer may be exempt from examination. (Added 2001, No. 97 (Adj. Sess.), § 18.)
