Maine Property & Casualty Insurance License Exam — All Questions
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2 questions
Maine Licensing & CE
After a producer is licensed in Maine, what must happen before he can transact business for a specific insurer?
- a.Nothing further once the license is issued
- b.The insurer must appoint the producer and file the appointment with the Maine Bureau of Insurance✓
- c.The producer must post a surety bond with the state treasurer
- d.The producer must establish residency in the insurer's home state
A license lets a person act as a producer, but to represent a specific company that insurer must appoint the producer, with the appointment filed with the Maine Bureau of Insurance. A producer may hold appointments from several insurers at once.
Maine Licensing & CE
Which best describes continuing education for a Maine resident P&C producer?
- a.No CE is ever required
- b.CE is required only in the first renewal and never again
- c.State-approved continuing education, including an ethics component, is required each renewal period to keep the license active✓
- d.CE can be met only by retaking the licensing exam
Following the NAIC model, Maine requires resident producers to complete approved continuing education each renewal cycle, including an ethics portion. The exact hour totals are set by the Maine Bureau of Insurance and should be verified before renewal.