LICENSE RENEWAL

• License renewal date ends on March 31 on odd numbered years.

COURSES ACCEPTED FOR CE CREDIT

• Classroom Courses
• Self-Study Courses
• Online Courses
• Instructor receives the same amount of credits as the students.

COURSE SUBJECT REQUIREMENTS

• Three (3) hours of ethics each compliance period.
• A maximum of 6 hours related to insurance agency management may be taken per compliance period.

ANNUITY REQUIREMENT

• Effective July 5, 2024, licensees who sell annuity products will need to complete an annuity course covering the NAIC Best Interest Standards. Licensees who have already completed a 4-hour annuity course prior to 07/04/2024 may complete a 1-hour annuity best interest course or complete the new 4-hour annuity best interest course. Licensees will only have until 01/04/2025 to be able to take the 1-hour course. Licensees who have not completed an annuity course must take the 4-hour annuity best interests’ course prior to selling annuities.
• Residents and non-residents who have completed training including the NAIC Best Interest Standards in another state with laws similar to Vermont law will be deemed compliant with this requirement.

LONG TERM CARE REQUIREMENT

• Initial eight (8) hours of Long-Term Care.
• Four (4) hours of LTC every compliance following.
• Non-residents must take 2 hours of Vermont Medicaid Training.

CARRYOVER REQUIREMENT

• Credit hours cannot be carried over to the next compliance period.

COURSE REPETITION

• Credit will not be given for a course that is repeated within a compliance period.

FINAL EXAM

• Self-study exams must be proctored by a disinterested third party. A disinterested third party is a person who is not in the direct line of supervision of nor has any financial interest in the success of the person taking the exam. The proctoring process must ensure the exam will be complete by the student, on a closed-book basis without assistance.
• Specific Monitor Affidavit needed.

EXEMPTIONS

• Producers licensed less than 2 years at the time of the first renewal.
• Non-residents exempt if home state requires CE and they are in good standing in their state of residence.
• Limited lines

For Additional Information please contact: