The Vermont Life Settlement Broker license
Life Settlement Broker
Negotiates the sale of a life policy for its owner. No examination of its own: Vermont asks for a producer license held two years and a bond that scales with how much the broker actually settles.
Course
None
This license has no pre-licensing course route.
Ways in
1
There is no state exam for this license.
Exam
n/a
Not required on any of the routes below.
Every way to qualify
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Route 1 Hold a producer license for two years and post the scaled bond
No state exam for this license
The producer license and the time behind it
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2 years an insurance producer license held with not less than two years’ experience as an insurance producer
and the bond or letter of credit, sized by settlement volume
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A surety bond or letter of credit solely in favor of the Commissioner, sized by the annual aggregate life settlement payments attributable to the licensee to Vermont policy owners: not less than $25,000 up to $2,000,000; $50,000 to $5,000,000; $75,000 to $15,000,000; and more above that
No examination and no course. DFR's list is at least eighteen, and competent, trustworthy and financially responsible in the Commissioner’s judgment; a surety bond or letter of credit solely in favor of the state; an insurance producer license; and not less than two years' experience as an insurance producer. The bond is the part worth reading twice, because it is not a flat figure: it scales in four bands with the annual aggregate life settlement payments the licensee makes to Vermont policy owners, from $25,000 at the bottom band to more than $100,000 at the top. It is the only bond on this site sized by the licensee's own turnover rather than set by the state in advance.
Read at the Department on 2026-08-18
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No national seller sells a course for this license. There is no examination and no course: the qualification is a producer license held two years plus a bond scaled to settlement volume. What sellers carry for the underlying license is on the Life page.