Maine Insurance Law & Code
Beyond getting licensed, Maine producers must know the substantive rules that protect policyholders. This chapter covers the structure of the state insurance code and the Maine Bureau of Insurance's rule-making authority, required policy protections such as the free-look right, the state life and health insurance guaranty association, and replacement and claims protections. These are Maine-specific overlays on the national policy provisions.
The Maine Insurance Code and Regulator Rules
The Maine insurance code is the body of statutes governing insurers, producers, policies, and market conduct, and the Maine Bureau of Insurance adopts administrative rules to implement it. Different provisions address different subjects, such as licensing, required policy language, unfair trade practices, and claims handling. Knowing that the code and the regulator's rules together control what a producer may and may not do is foundational.
Required Policyholder Protections
Maine requires certain protections in individual policies. A key example is the free-look, or right-to-examine, provision, which lets a policyowner return a newly delivered individual life policy within a stated period (commonly at least 10 days) for a full premium refund; replacement and senior sales often carry a longer window. State law also governs grace periods, required disclosures, and replacement notices so consumers understand what they buy.
Guaranty Association and Claims Protections
The Maine life and health insurance guaranty association pays certain covered claims, up to statutory dollar limits, when a member insurer becomes insolvent. Maine law prohibits using the association's existence as a sales inducement or in advertising, so it is a backstop rather than a selling point. State law also sets standards for how insurers must acknowledge, investigate, and pay or deny claims, and prohibits unfair or unreasonably delayed claim settlement.
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State-specific details
State exam facts
- State regulator
- Maine Bureau of Insurance
- Exam vendor
- Pearson VUE
- Prelicensing education
- None
- Passing score
- 70% (a scaled score of 70)
Who regulates life & health insurance licensing in Maine?
The Maine Bureau of Insurance licenses producers and uses Pearson VUE to administer the licensing examinations.
Does Maine require prelicensing education for the life & health exam?
No. Maine does not require prelicensing education to sit for the exam, though completing coursework is strongly recommended.
What score do I need to pass the Maine life & health exam?
A scaled score of 70 is required to pass the Pearson VUE exam.
Sources: https://www.maine.gov/pfr/insurance, https://www.pearsonvue.com/us/en/me/insurance.html
In the Maine Life & Health Insurance Producer Exam guide: A KEY CONCEPT box, a Common Traps list and a Check Yourself set closing each of the 9 national chapters. Practice here stays free.