Vermont Insurance Producer - Property - Exam Prep
Self-paced exam-prep course for the Vermont Property insurance producer license exam. Vermont does not require state-approved pre-licensing education — candidates pass the state exam, complete fingerprinting, and submit a license application. This product is exam preparation only.
Vermont Producer's Examination for Property Insurance (14-41), 100 scored questions, 120 minutes, administered by Prometric
Vermont also publishes a single COMBINED Property and Casualty paper (14-31), at 150 scored questions, which covers both lines in one sitting. This course prepares you for the Property paper only. If you have booked the combined exam instead, the Property and Casualty course is the one built to it.
What you'll learn
Every section below is aligned with the Vermont content outline.
Section 1I. Property: Vermont Insurance Regulation7 lessons+
- Vermont producer licensing - the process, the licence types and who must hold one
- Keeping a Vermont licence - renewal, expiration, address change, assumed names, reporting and CE
- Vermont disciplinary actions - denial, cease and desist, suspension, revocation and penalties
- The Commissioner's powers and Vermont company regulation
- Vermont producer regulation - appointment, termination, commissions, trust accounts and controlled business
- Vermont unfair methods of competition and unfair or deceptive acts
- Federal regulation reaching a Vermont producer - FCRA and 18 U.S.C. §§1033-1034
Section 2II. Property: General Insurance6 lessons+
- Risk management key terms and the five methods of handling risk
- Elements of an insurable risk, adverse selection, the law of large numbers and reinsurance
- Types of insurers - stock, mutual, fraternal, Lloyd's associations, risk retention groups and captives
- Private versus government, admitted versus nonadmitted, domestic, foreign and alien; financial rating services
- Marketing and distribution systems; producers and the general rules of agency
- The insurance contract - elements, distinct characteristics and legal interpretations
Section 3III. Property Insurance Basics23 lessons+
- Insurance Fundamentals — Law of Large Numbers, Insurable Interest, Risk Transfer
- Risk, Hazard, and Peril — Risk Management Techniques
- Loss and Valuation — Direct vs. Indirect Loss, ACV, Replacement Cost, Agreed Value, Salvage
- Proximate Cause, Deductible, Indemnity, and Limits of Liability
- Coinsurance, Insurance-to-Value, and Occurrence
- Cancellation, Nonrenewal, Vacancy, and Unoccupancy
- Liability and Negligence — Elements, Types, and Defenses
- Binders, Endorsements, Blanket vs. Specific, and Crime Definitions
- Warranties, Representations, Concealment, Deposit Premium and Audit, Certificate of Insurance
- Damages and the Fair Credit Reporting Act (FCRA)
- Policy Structure — Declarations, Insuring Agreement, Conditions, Exclusions
- Definition of the Insured; Duties of the Insured; Obligations of the Insurance Company
- Mortgagee Rights; Proof of Loss; Notice of Claim; Appraisal
- Other-Insurance Provisions and Subrogation
- Elements of a Contract and Distinctive Characteristics of Insurance Contracts
- Warranties, Representations, and Concealment in Contract Law
- Sources of Underwriting Information; FCRA; GLBA Privacy Protection
- Policy Application; Terrorism Risk Insurance Act (TRIA); Policy Territory
- The Vermont Property and Casualty Insurance Guaranty Association
- Vermont cancellation, nonrenewal and the renewal notice
- Vermont rate regulation and consent to rate
- Vermont loss payment and the prohibition on discrimination
- Vermont fire insurance valuation and the federal Terrorism Risk Insurance Program
Section 4IV. Property: Dwelling Policy5 lessons+
- The dwelling policy - characteristics, purpose and eligibility
- Dwelling coverage forms and the perils insured against - DP-1 Basic, DP-2 Broad, DP-3 Special
- Dwelling property coverages A through E and the other coverages
- Dwelling general exclusions and conditions
- Dwelling selected endorsements and the personal liability supplement
Section 5V. Property: Homeowners Policy8 lessons+
- Homeowners coverage forms HO-2 through HO-6 and eligibility
- Homeowners definitions
- Section I Coverage A - Dwelling and Coverage B - Other structures
- Section I Coverage C - Personal property, special limits and property not covered
- Section I Coverage D - Loss of use and the Section I additional coverages
- Section I perils insured against - named peril and open peril forms
- Section I exclusions and conditions, including loss settlement
- Homeowners property endorsements, including the Vermont amendatory forms
Section 6VI. Property: Auto Insurance4 lessons+
- Vermont automobile cancellation and nonrenewal - grounds and notice
- Personal auto policy definitions and Coverage for Damage to Your Auto
- Duties after an accident or loss, general provisions and the personal auto endorsements
- Commercial auto - coverage forms, covered autos and physical damage coverage
Section 7VII. Property: Commercial Package Policy (CPP)6 lessons+
- Components of a commercial package policy
- Commercial property coverage forms and the commercial property conditions form
- Causes of loss forms and the commercial property endorsements
- Commercial inland marine - the conditions form, the coverage forms and transportation coverages
- Equipment breakdown protection coverage
- Farm property coverage - Coverages A through G, mobile machinery and livestock
Section 8VIII. Property: Businessowners Policy4 lessons+
- The Businessowners Policy - characteristics, purpose and eligibility
- Businessowners Section I - Property: coverage, exclusions, limits and deductibles
- Businessowners Section I loss conditions, general conditions and optional coverages
- Businessowners Section III - Common Policy Conditions and the selected endorsements
Section 9IX. Property: Other Coverages and Options2 lessons+
- Ocean marine insurance - hull, cargo and freight
- The National Flood Insurance Program
How it works
Enroll
One-time payment of $49.99. Secure checkout powered by Stripe.
Study on your schedule
Read the lesson library, take section quizzes, and work through the practice-question bank as many times as you need.
Pass the real exam
Take the official Vermont exam with confidence. Most students finish the course in 2-4 weeks of casual study.
FAQ
How long is the Vermont Property licensing exam?+
Is the Vermont Property exam separate from the Casualty exam?+
Do I need the Casualty course as well?+
Why not just take the combined Property and Casualty course?+
How much does the Vermont Property exam cost and who administers it?+
Does Vermont require state-approved pre-licensing education?+
How many practice questions does this course include?+
Are the practice questions similar to the real Vermont exam?+
Are the practice questions updated regularly?+
Can I study on my phone?+
Can I fit this course around a full-time job?+
Does the course include AI tutoring?+
How long do I have access to the course?+
What if I fail the real Vermont exam?+
Can I retake the Vermont licensing exam if I fail?+
Can I add another license line later?+
Can I get a refund?+
Ready to start studying?
Enroll once, keep access forever, pass your exam with confidence.
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