1.3 License Maintenance and Continuing Education
Key Takeaways
- Vermont requires 24 hours of continuing education every 2 years
- At least 3 hours must be in ethics/consumer protection courses
- Prometric is the DFR's CE vendor (partnered with Sircon)
- Licenses expire on the last day of birth month every 2 years
- Annuity Best Interest course credits count toward CE requirement
Vermont insurance licenses require ongoing maintenance through continuing education and timely renewal.
License Terms and Renewal
Biennial Renewal System
| Item | Requirement |
|---|---|
| License Term | 2 years (biennial) |
| Renewal Date | Last day of birth month, every 2 years |
| Renewal Method | Through NIPR |
| Grace Period | Cannot sell during lapse |
Renewal Schedule
- Licenses expire on the last day of the licensee's birth month
- Renewals due every 2 years
- Apply for renewal before expiration date
Continuing Education Requirements
Vermont requires 24 hours of continuing education (CE) every 2 years:
CE Breakdown
| Requirement | Hours |
|---|---|
| Total CE Hours | 24 |
| Ethics/Consumer Protection (required) | 3 minimum |
| General/Electives | 21 |
CE Tracking
Prometric is the DFR's Continuing Education vendor:
- Prometric has partnered with Sircon for online CE tracking
- Check your CE credits online through Sircon
- Obtain information on approved courses
- Providers report completions electronically
Exam Tip: Vermont requires 3 hours of ethics/consumer protection CE. The Annuity Best Interest course credits count toward your CE requirement.
Special Training Requirements
Annuity Best Interest Training
| Requirement | Detail |
|---|---|
| Hours | 4 hours |
| Frequency | One-time requirement |
| When Required | Before selling annuity products |
| CE Credit | Counts toward CE requirement |
Long-Term Care (LTC) Training
| Requirement | Detail |
|---|---|
| Initial Training | 8 hours |
| Frequency | One-time before selling LTC products |
Renewal Process
Steps to Renew
- Complete all CE before renewal deadline
- Verify CE completion through Sircon/Prometric
- Submit renewal through NIPR
- Pay renewal fee
CE Reporting
- Providers report completions electronically to Prometric/Sircon
- Check your transcript regularly
- Ensure all credits are posted before renewal deadline
- Contact provider if credits are missing
Adjusters CE Requirements
Vermont has specific CE requirements for adjusters:
| Adjuster Type | Total Hours | Ethics Hours |
|---|---|---|
| Public Adjuster | 8 hours | Included |
| Workers' Comp Adjuster | 24 hours | 3 hours |
Note: New adjuster CE requirements may become effective for renewals. All Vermont-licensed adjusters will be notified when new courses become available.
Non-Resident Producer Rules
CE Reciprocity
| Situation | Vermont Requirement |
|---|---|
| Non-Resident with Home State CE | Generally satisfies Vermont CE |
| Non-Resident without Reciprocity | Must complete Vermont CE requirements |
Vermont follows NAIC reciprocity guidelines for non-resident CE.
Disciplinary Actions
The DFR can take disciplinary action for violations:
Grounds for Discipline
- Violating insurance laws or regulations
- Fraudulent or dishonest practices
- Misappropriation of funds
- Misrepresentation to clients
- Failure to maintain CE requirements
- Criminal conviction
- License violations in other states
- Failing to meet competency, trustworthiness, or financial responsibility standards
Types of Discipline
| Action | Description |
|---|---|
| Warning | Minor first offense |
| Fine | Monetary penalty |
| Probation | License continues with conditions |
| Suspension | Temporary loss of license |
| Revocation | Permanent loss of license |
Reporting Requirements
Required Notifications
Producers must notify the DFR of:
- Change of address (business or residence)
- Change of name
- Administrative actions by other states
- Criminal charges or convictions
Contact Information
- Email: dfr.producerlicensing@vermont.gov
- Phone: (802) 828-3303
- Website: dfr.vermont.gov
How many hours of continuing education does Vermont require for license renewal?
How many hours of ethics/consumer protection CE are required in Vermont?
Which company is Vermont's CE vendor?
Does the Annuity Best Interest course count toward Vermont CE requirements?