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For Questions, Changes or Clarifications regarding the Adjuster Licensing information, please send an email to licensing@theclm.org

Last Reviewed / Modified On 18 Sep 2017.

VERMONT ADJUSTER LICENSING INFORMATION

License Types

Property & Casualty Adjuster

An Adjuster is any person who investigates claims and negotiates settlement of claims arising under policies of insurance in behalf of insurers under such policies, or who advertises or solicits business from insurers as an adjuster. A license as an adjuster shall not be required of an official or employee of a domestic fire or casualty insurance company or of a duly licensed resident insurance producer of a domestic or duly licensed foreign insurer who is authorized by such insurer to appraise losses under policies issued by such insurer.
License type: Individual

Public Adjuster

Vermont Law defines a Public adjuster to mean any person who investigates claims and negotiates settlement of claims arising under policies of insurance in behalf of the insured under such policies or who advertises or solicits business as such adjuster. Public adjusters are licensed in Vermont.
License type: Individual

Crop Adjuster

Vermont Law defines a Crop Adjuster to mean, any person who investigates claims and negotiates settlement of claims arising under policies of insurance in behalf of insurers under such policies, or who advertises or solicits business from insurers as an adjuster. Crop adjusters are licensed in Vermont.
License type: Individual

Company Adjuster

There is NO exception for the adjuster licensing requirement, unless the insurer is a Vermont Domestic fire or casualty company. See Title 8 V.S.A. § 4791(3). Insurers should review their licensing protocols to ensure their adjusters handling Vermont claims are properly licensed.

Workers’ Compensation Adjuster

Vermont Law defines a Workers’ Compensation (WC) Adjuster to mean, any person who investigates claims and negotiates settlement of claims arising under policies of workers’ compensation insurance in behalf of insurers under such policies, or who advertises or solicits business from insurers as an adjuster. Workers’ Compensation Adjusters are licensed in Vermont.

Catastrophes

Under Vermont law in the event of a catastrophe a licensed insurer may use an Adjuster or Appraiser who is not licensed in Vermont to adjust claims arising out of the catastrophe. The following guidelines apply:
A catastrophe must have occurred. The Department will notify insurers on its Website if an event has been recognized as a catastrophe by the Commissioner for purposes of allowing the use of individuals who are not licensed in Vermont. Insurers are welcome to contact the Department for further guidance.
  1. The adjuster/appraiser must be licensed in his/her resident state or other state if resident state does not issue such license;
  2. The insurer must notify the Department via email to sandra.fraser@state.vt.us of its intention to use catastrophe adjusters/appraisers and provide a list of the names, addresses and license information for individuals who will be adjusting/appraising;
  3. Within ninety (90) days from the date of a claim denial a Vermont licensed adjuster will review the denial to ensure the claim was properly adjusted.

Exclusions

Lawyers settling claims of clients shall not be considered an adjuster. A license as an adjuster shall not be required of an official or employee of a domestic fire or casualty insurance company or of a duly licensed resident insurance producer of a domestic or duly licensed foreign insurer who is authorized by such insurer to appraise losses under policies issued by such insurer.

Licensing Requirements

Requirements

To become a licensed Vermont insurance adjuster, individuals must:
Be 18 years of age;
Be competent, trustworthy, financially responsible, and of good personal and business reputation;
Have passed a written examination. Worker’s Compensation Adjusters must pass the Worker’s Compensation exam as well as the Adjuster exam. NOTE: the Property and Casualty exam does not include Workers’ Compensation. Anyone wishing to adjust Workers’ Compensation claims in Vermont must pass the separate Workers’ Compensation exam.
Submit an application and fees and,
Meet an experience requirement - one of the following: Have 2 years experience in the handling of loss claims or loss appraising for appraisers;
Have undergone special training of sufficient duration and scope to make the applicant competent to fulfill the responsibilities of the license sought. The applicant should submit a detailed description of the training, including syllabi, curriculum, and training material;
Be employed by and subject to the immediate personal supervision of a licensed adjuster, public adjuster, or appraiser who is licensed in Vermont and who has been licensed for at least 3 years preceding the date of application for the license.

Reciprocity and Non Residents

Vermont grants reciprocal licensing to any state that requires an examination in order to be licensed as an adjuster.

Reciprocity with Texas license

Reciprocal with Texas License? Yes.

Vermont does not require you to hold a license in your state of residence in order to enjoy the benefits of reciprocity through Texas..

Pre Licensing Education

Vermont requires resident applicants to successfully complete the Prometric Adjuster exam and meet certain experience requirements. Non-residents may apply for a Vermont license provided they have first obtained a license in a state that requires an examination.

Bond Requirement

Adjuster Bond not required for Licensing.

How to Apply

Resident and Non-Resident adjusters apply online via NIPR

  • PC Adjusters who have a Designated Home State (DHS), can apply electronically using NIPR only at this time; and
  • PC Adjuster: Vermont does not allow non-resident adjusters to designate Vermont as a home state at this time.

Resident: Paper Application Submission
An applicant must submit to the Department the following:

  • NAIC Uniform Individual Application (This application is used for ALL license types, though they are not all specified on the form);
  • The original score report showing passage of the Adjuster's Property and Casualty examination;
  • Attachment #2 Certification print a hard copy, fill in; and,
  • A license application fee of $30.00 and a license fee of $60.00. Checks may be made payable to VT Dept. of Financial Regulation.
  • Attachment #1 Social Security Disclosure is for your information.

Nonresident - Paper Application
An applicant must submit to the Department the following:

  • NAIC Uniform Individual Application (This application is used for ALL license types, although they are not all specified on the Form);
  • A home state certification (no older than 90 days preceding receipt by the department of the application);
  • Attachment #2 Certifications print a hard copy, fill in; and,
  • A license application fee of $30.00 and a license fee. Please locate the state in which you reside to determine the license fee (see Fee Chart). Checks should be made payable to VT Dept. of Financial Regulation.

Attachment #1 Social Security Disclosure is for your information.

NOTE: All applicants must satisfy an examination requirement in order to be licensed. If a nonresident has not taken an examination, or resides in a state that does not require a license examination, the applicant can either:

Submit a letter of certification from another state where the applicant did take an examination and is currently licensed, or Take and pass the Vermont Adjuster's Property and Casualty examination and submit the original test score report with the application.

Maintaining Your License

Renewal

All licenses have a common expiration date regardless of the date on which they are attained. The expiration date occurs every 2 years: The license term is April 1st to March 31st of even years.. Renewal fee amount varies, depending on the adjuster's resident state.

Continuing Education

No Continuing Education is required, except for Worker’s Compensation Adjusters. Worker's Compensation Adjusters must attend one seminar during each 2-year period after attaining their license. Click here for information on continuing education seminars or call the Labor and Industry Department at 802-828-2286 for more information.

License Termination or Lapse

No specific rules are found.

Fees

License Application Fee$30
Resident License Fee       $60
Non-Resident License FeeAmount depends on state of residence. See Vermont’s Non-resident Fee Chart.
Renewal Feevaries depending on resident state.

Contact

89 Main St., Montpelier, VT 05620-3101
Phone: (802) 828-3303, Fax: (802) 828-1633, Email: bishca.producerlicensing@state.vt.us
http://www.dfr.vermont.gov

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