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Vermont Life Settlement Broker Bond

The Vermont life settlement broker bond ranges from $25,000 to $100,000 based upon your production levels in the state. The premium is based on good credit, with a standard 2% rate. Please call AmeriPro Surety Bonds: 844-589-9732.

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.

 

 

 

About Us

 

 

 

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:

 

844-589-9732

 

Or, you may fill out the form below and a Surety Agent will contact you.

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AmeriPro Surety Bonds

Our focus is exclusively surety bonds. We have two areas of concentration: YOU, our customer; and providing you with the surety bond that you need. Whether the bond is an "instant issue"; is for a contractor; a court bond; or one for a client with lower credit scores, AmeriPro Surety Bonds dedicates itself to providing our customers with a seamless, professional, and quick surety bond experience.

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