Life Settlement Broker License in Vermont

Vermont licenses insurance professionals as Insurance Producers through the Vermont Department of Financial Regulation, Insurance Division. Vermont's insurance market is small in absolute terms but notable for the state's position as the leading domicile for captive insurance companies in the United States. Vermont was the first state to adopt captive insurance legislation in 1981, and over 1,100 captive insurance companies are domiciled there, making it one of the world's largest captive insurance markets. This creates unique opportunities for producers with expertise in alternative risk transfer and captive insurance management. Vermont's rural character, small towns, and seasonal tourism economy (skiing, fall foliage) shape the personal lines market. The state's exposure to severe winter storms and spring flooding, including the devastating impacts of Tropical Storm Irene in 2011, drives property insurance demand. Pre-licensing education requires approximately 40 hours per major line. Criminal background checks are required. Continuing education is 24 hours biennially. Vermont participates in NIPR for non-resident licensing.