The first step for becoming an insurance agent in Vermont is to obtain your insurance license. Any state that sells life insurance, auto insurance, home insurance or business insurance requires a license.
How To Get Your Insurance License In Vermont?
To get your insurance license in Vermont, follow our step-by-step guide.
Which Insurance Licenses Do You Need?
Depending on what type of insurance agent you want to become or what types of policies you need to sell, you will need to choose what type or types of insurance licenses you need to obtain. The following are some examples of the types of insurance policies you may sell with each license type:
- Property and Casualty Insurance License – Automobile, Home, and Business Insurance, etc
- Life and Health Insurance License – Life, Annuities, and Health Insurance, etc
Most insurance agents obtain both licenses, so if you only sell one form of policy, you only need to obtain the license that best suits your needs.
Insurance Exam Preparation and Education
It is time to start preparing for the Vermont insurance exams after you have decided which licenses you will need.
You are not required to take a certain number of pre-license credits before taking the test in Vermont. This means that it is entirely up to you to prepare for your test.
The majority of people opt to take an online insurance pre-license course. These courses are created to provide you with the skills you will need to pass the exam. Others train themselves by purchasing books or other self-study materials.
It is a good idea to devote a week or two to study for this test. Take a little longer if you don't think you are a good test taker, but don't let it go on too long.
Exams for Vermont Insurance Licenses
The insurance test is the next step after you have completed all of your pre-license coursework or self-study. For each combined line of insurance, you wish to carry, you can take a separate test. The Property and Casualty lines are merged into one exam in Vermont. A combined test is also available for life, accident, health, and HMO insurance.
This is a supervised exam, which means you will be in a controlled environment with someone standing over you. People who have never tested in a similar situation should keep this in mind and focus on calming down their nerves before taking the exam.
The following is the fee for each exam attempt:
- Life & Accident & Health: $65
- Life: $50
- Property & Casualty: $65
- Property: $50
- Casualty: $50
- Accident and Health: $50.
When you arrive, you must have a photo ID and any other documentation requested by the testing facility.
You have two hours and thirty minutes (2:30) to complete each of the exams, which contain 150 questions. 70 percent of correct answers are needed to pass the exams.
Each exam has a content outline provided by Prometric. Make sure you have studied them before taking the test:
- Vermont Property and Casualty Insurance License Exam Content Outline
- Vermont Life, Accident, Health, and HMO Insurance License Exam Content Outline
It is not the end of the world if you fail the exam, just keep in mind that you will have to pay the fee each time you take the test.
Register on the Prometric Vermont Insurance website to take your exams. The Vermont Insurance Department Licensing Details Bulletin has a lot of information about the tests.
Application for a License
Once you have completed your exams you are ready to apply for your license. If you have passed the exam for more than one line of authority, make sure to apply for all of them.
An online application costs $60 plus a small processing fee charged by Sircon. There is a $30 amendment charge if you want to add another line to the license.
To fill out the application, you must wait 48 hours after passing the exam. This will allow the system to offer you the correct authorization to apply.
Complete and submit your online application form on the Sircon Vermont Insurance website.
Your license application will be reviewed by the state after you have submitted it and met all of the other criteria. Your background check, which was prompted by the application, will be examined as well.
If everything is to acceptable standards your license should be issued fairly quickly. It is possible that any items from your background check will need to be checked, which will slow down the issuance process. If this is the case, the state can contact you to get more information about the problems they have encountered.
Published by LicenseSearch