Vermont Life Settlement Broker Bond
AmeriPro Surety Bonds | 844-589-9732
Vermont Life Settlement Broker License
Life settlement brokers in Vermont are licensed and regulated by the Department of Financial Regulation.
The surety bond amount required life settlement brokers is determined by the annual total life settlement payments to policy owners in Vermont. The breakdown is as follows:
- $0 – $2 million – $25,000 surety bond;
- $2,000,000.01 to $5 million – $50,000 surety bond;
- $5,000,000.01 to $15 million – $75,000 surety bond;
- $15,000,000.01 and above – $100,000 surety bond.
Qualifying and the Premium
Qualifying for the your Vermont life settlement broker bond includes the following: An application, which we’ll begin with you over the phone, but which may require at least an electronic signature; and a credit review.
The credit review is performed by an underwriter. This review includes a soft credit inquiry. The standard premium rate is 2% for those with good credit; applicants with poor credit histories may be declined.
Once you are approved and the premium is paid to us, our agency issues the bond to you immediately.
Upon receipt of your original bond and Power of Attorney by mail, you’ll sign your bond and then file it to:
Commissioner of Financial Regulation
89 Main Street
Montpelier, VT 05620-3101
Attention: Producer Licensing
Surety Bond Term
Your life settlement broker bond is issued for one year. The bond will renew on the anniversary. Of consideration is that based upon your production levels, a new surety bond amount may be required in accordance with Vermont state law.
Purpose of Your Surety Bond Requirement
Your surety bond is a financial guarantee of your compliance with 8 Vermont Statutes Annotated, as amended.
AmeriPro Surety Bonds is a surety bonds-only agency. Our company provides license and permit, court, and probate surety bonds in Vermont and in all 50 states.
Please call our agency today at:
Or, you may fill out the form below and a Surety Agent will contact you.