Vermont § 4798 - Term of license

§ 4798. Term of license

• (a) Except as provided by subsections (b) and (d) of this section, all licenses issued
  pursuant to this subchapter shall continue in force not longer than 24 months. (b)(1) All licenses of insurance producers and limited lines producers issued pursuant to
  this subchapter shall expire as of 12:01 a.m. o’clock on the first day of April of
  the odd-numbered year next following date of issuance; and (2) all other license types issued pursuant to this subchapter shall expire as of 12:01
  a.m. o’clock on the first day of April of the even-numbered year following the date
  of issuance; unless (3) the licensee prior to the expiration of the license has filed with the Commissioner,
  on forms prescribed and furnished by the Commissioner, a request for renewal of such
  license for an ensuing 24-month period. Such request must be accompanied by payment
  of the renewal fee as provided in subdivision 4800(2) of this title. (c) In order to spread continuation of insurance producer and limited lines producer appointment
  renewals with reasonable uniformity throughout the calendar year, the Commissioner
  may fix a date, “insurer’s anniversary,” upon which all such renewals of persons licensed
  under this chapter who have been appointed by that insurer shall be subject to renewal
  as to that particular insurer. (d) Producer appointments shall expire as of 12:01 a.m. on the first day of June following
  the date of issuance. Annually, before the expiration of producer appointments, the
  Commissioner shall provide each insurer with an alphabetical appointment renewal list
  of the names for all of its producers in the State. Each insurer shall return the
  list and identify the producer appointments to be renewed in a manner and time specified
  by the Commissioner. Payment of the annual producer appointment renewal fee, as specified
  in section 4800 of this title, shall be made in a manner and time specified by the Commissioner. (Added 1969, No. 175 (Adj Sess.), § 8, eff. March 5, 1970; amended 1973, No. 217 (Adj. Sess.), § 8; 1985, No. 236 (Adj. Sess.), § 2, eff. June 3, 1986; 1999, No. 87 (Adj. Sess.), § 1; 2001, No. 97 (Adj. Sess.), § 7; 2019, No. 70, § 2, eff. June 1, 2021; 2019, No. 131 (Adj. Sess.), § 6; 2021, No. 105 (Adj. Sess.), § 226, eff. July 1, 2022.)