Effective July 1, 2025, Vermont will be adding licensing and training requirements for resident and nonresident insurance producers related to pet insurance.
Pet insurance producers must be_ _appropriately licensed and complete the required training in order to sell, solicit, or negotiate a pet insurance product.
a. An insurer must ensure that its producers are trained on:
I. the topics discussed in (b) below; and
II. its pet insurance products' coverages and conditions.
b. The training must include information on:
I. preexisting conditions and waiting periods;
II. the differences between pet insurance and non insurance wellness programs;
III. hereditary disorders, congenital anomalies or disorders, and chronic conditions, and how pet insurance policies interact with those conditions or disorders; and
IV. rating, underwriting, renewal, and other related administrative topics.
c. Satisfaction of substantially similar training requirements in another state will satisfy Vermont's training requirements.