Vermont § 4813f - Application for license

§ 4813f. Application for license

• (a) An individual applying for a resident insurance producer license shall make application
  to the Commissioner on the Uniform Application and declare under penalty of refusal,
  suspension, or revocation of the license that the statements made in the application
  are true, correct, and complete to the best of the individual’s knowledge and belief.
  Before approving the application, the Commissioner shall find that the individual: (1) is at least 18 years of age; (2) has not committed any act that is a ground for denial, suspension, or revocation set
  forth in section 4804 of this title; (3) is competent, trustworthy, financially responsible, and of good personal and business
  reputation; (4) has paid the fees set forth in section 4800 of this title; and (5) has successfully passed the examinations for the lines of authority for which the
  person has applied. (b) As soon as practicable, but no later than April 1, 2003, the Commissioner shall permit
  a business entity to be licensed as an insurance producer. Application shall be made
  using the Uniform Business Entity Application. Except as permitted by regulation,
  licensure of a business entity shall not relieve any natural person who sells, solicits,
  or negotiates insurance of the requirement to be licensed under this chapter. Before
  approving the application, the Commissioner shall find that: (1) The business entity has paid the fees set forth in section 4800 of this title. (2) The business entity has designated a licensed producer who is a natural person responsible
  for the business entity’s compliance with the insurance laws, rules, and regulations
  of this State. (c) The Commissioner may require any documents reasonably necessary to verify the information
  contained in an application. (Added 2001, No. 97 (Adj. Sess.), § 18.)