Vermont Producer's Examination for Life, Accident, Health and HMO Series 14-29 - Insurance Regulation, General Insurance, and Life Insurance Basics Outline

Sep 25, 2026

Uploaded by Levi

Vermont Producer's Examination outline for Life, Accident, Health and HMO Series 14-29, specifying 150 scored questions plus 5 unscored items with a 2.5-hour time limit effective November 3, 2019. The study guide breaks down weighted topics including insurance regulation (licensing, state and federal regulation), general insurance concepts (risk management, insurers, agency rules, contracts), and life insurance fundamentals (insurable interest, policy uses, underwriting, premiums, and policy types). It references Vermont Insurance Statutes Title 8, plus cited regulations and bulletins.

LanguageEnglish

CategoryExam

FormatPDF

Pages8

Reading Time20 min

AccessFree to download

Vermont Producer's Examination for Life, Accident, Health and HMO Series 14-29

1.0 Insurance Regulation

2.0 General Insurance

3.0 Life Insurance Basics

Your Exam Content Outline The following outline describes the content of one of the Vermont insurance examinations. The examination will contain questions on the subjects contained in the outline. The percentages indicate the relative weight assigned to each section of the examination. For example, 10 percent means that 6 questions will be drawn from the section on a 60-question exam, 10 will be drawn on a 100-question exam and 15 will be drawn on a 150-question exam. All citations are Vermont Insurance Statutes Title 8, unless otherwise noted. When preceded by “Reg” refer to Vermont Department Regulations, when preceded by “Bul” refer to Vermont Department Bulletins. | Vermont Producer's Examination for Life, Accident, Health and HMO Series 14-29 | | --- | | 150 questions (plus 5 unscored items)
2.5-hour time limit
Effective November 3, 2019 | 1.0 Insurance Regulation 5%(7 Items) 1.1 Licensing Process (4800; 4813e,f) Types of licensees (4791) Resident (4800(3)(A)) Nonresident (4800(3)(B); 4813h) Maintenance and duration Renewal and expiration (4798) Address change (4800(3)(F)) Assumed business name (4813j) Reporting of actions (4813o) Continuing education requirements (4800a; Reg 2000-2 Sec 4) Disciplinary actions Denial of license (4800(3)(E)) Cease and desist order (3661) Suspension, revocation or nonrenewal (4804; 4806) Penalties (3661(a)(2); 4804(d)) 1.2 State regulation Commissioner's general duties and powers (4726; 4804) Company regulation Certificate of authority (3368) Unfair claim settlement practices (4724(9); Reg 79-2 Sec 1– 7) Policy forms (3541) Examination of records (3565) Producer appointment (4798(d); 4813l) Termination of appointment (4798(d); 4813m) Producer regulation Acting without a license (4793; 4813c) Shared commissions (4796) Trust accounts—anti-commingling (Reg 95-1; 4724(12)) Controlled business (4795) Duties (4813c) Unfair trade practices (4724) Misrepresentation (4724(1, 11, 13)) False advertising (4724(2)) Defamation (4724(3)) Boycott, coercion and intimidation (4724(4)) False financial statements and entries (4724(5)) Illegal inducement (4724(6)) Unfair discrimination (4724(7)) Rebating (4724(8)) Failure to maintain complaint record (4724(10)) Failure to act as fiduciary (4724(12); Reg 95-1) Unsuitability (4724(16)) Nondisclosure of fees or charges (4724(14)) Consumer privacy regulation (IH-2001-01) 1.3 Federal regulation Fair Credit Reporting Act (15 USC 1681–1681d; VT FCRA 9; V.S.A. 2480 a-n) Fraud and false statements (18 USC 1033, 1034) 2.0 General Insurance 4%(6 Items) 2.1 Concepts Risk management key terms Risk Exposure Hazard Peril Loss Methods of handling risk Avoidance Retention Sharing Reduction Transfer Elements of insurable risks Adverse selection Law of large numbers Reinsurance 2.2 Insurers Types of insurers Captive insurers Stock companies Mutual companies Fraternal benefit societies Lloyd's associations Risk retention groups Private versus government insurers Admitted versus nonadmitted insurers Domestic, foreign and alien insurers Financial status (independent rating services) Marketing (distribution) systems 2.3 Producers and general rules of agency Insurer as principal Producer/insurer relationship Authority and powers of producers Express Implied Apparent 2.4 Contracts Elements ofa legal contract Offer and acceptance Consideration Competent parties Legal purpose Distinct characteristics of an insurance contract Contract of adhesion Aleatory contract Personal contract Unilateral contract Legal interpretations affecting contracts Ambiguities in a contract of adhesion Reasonable expectations Indemnity Utmost good faith Representations/misrepresentations Warranties Concealment Fraud Waiver and estoppel 3.0 Life Insurance Basics 9%(13 Items) 3.1 Insurable interest (3710) Power to contract 3.2 Personal uses of life insurance

FAQs

What are the exam format and timing requirements for Series 14-29?

The outline specifies 150 questions plus 5 unscored items and a 2.5-hour time limit, effective November 3, 2019.

Which major topics are covered in the outline for Series 14-29?

The outline covers Insurance Regulation, General Insurance concepts (including risk management, insurers, agency rules, and contracts), and Life Insurance Basics.

How are citations handled in the study outline?

Citations are Vermont Insurance Statutes Title 8 by default; when preceded by “Reg” they refer to Vermont Department Regulations, and when preceded by “Bul” they refer to Vermont Department Bulletins.

Sep 25, 2026

Uploaded by Levi