Key Takeaways
- Maine insurance licenses are valid for 2 years (biennial renewal)
- Renewal requires 24 hours of continuing education, including 3 hours of ethics
- Address changes must be reported to the Maine Bureau of Insurance within 30 days
- Licenses not renewed within 1 year of expiration require re-examination
- Maine uses NIPR (National Insurance Producer Registry) for license applications and renewals
License Maintenance and Continuing Education
Maine insurance licenses require ongoing maintenance through continuing education and timely renewal.
License Terms and Renewal
Biennial Renewal System
| Item | Requirement |
|---|---|
| License Term | 2 years (biennial) |
| Renewal Period | 90 days before expiration |
| Grace Period | Varies |
| Late Renewal | Additional fees apply |
| Expired 1+ Year | Must retake exam |
Continuing Education Requirements
Maine requires 24 hours of continuing education (CE) every 2 years:
CE Breakdown
| Requirement | Hours |
|---|---|
| Total CE Hours | 24 |
| Ethics (required) | 3 |
| Electives | 21 |
CE Course Requirements
- Must be completed at approved providers
- Online and classroom options available
- Cannot repeat same course within 2-year period
- CE must be completed BEFORE license expiration
- Maine accepts courses approved by NAIC reciprocal states
Exam Tip: Maine requires 24 hours of CE every 2 years with 3 hours of ethics.
Renewal Process
- Complete CE before expiration date
- Submit renewal through NIPR
- Pay renewal fee
- Receive renewed license
Reporting Requirements
Maine producers must notify the Bureau of Insurance of changes within 30 days:
- Change of business address
- Change of residence address
- Change of name
- Change of email address
- Administrative actions by other states
- Criminal charges or convictions
How to Report
- Update through NIPR online portal
- Or submit in writing to Maine Bureau of Insurance
- Failure to report is a violation
Disciplinary Actions
The Maine Bureau of Insurance can take disciplinary action for violations:
Types of Discipline
| Action | Description |
|---|---|
| Warning Letter | Minor first offense |
| Probation | License continues with conditions |
| Fine | Monetary penalty |
| Suspension | Temporary loss of license |
| Revocation | Permanent loss of license |
Common Violations
- Misrepresentation to clients
- Failure to disclose material information
- Mishandling of premiums
- Unauthorized transactions
- Failure to maintain CE requirements
- Failure to report required information
- Criminal conviction
License Status Types
| Status | Meaning |
|---|---|
| Active | License current and in good standing |
| Inactive | Not actively practicing |
| Expired | License term ended, not renewed |
| Suspended | Temporary disciplinary action |
| Revoked | License permanently cancelled |
Contact Information
Maine Bureau of Insurance - Licensing Division 34 State House Station Augusta, ME 04333-0034 Phone: (207) 624-8475 Fax: (207) 624-8599
How many hours of continuing education does Maine require for license renewal?
Within how many days must a Maine insurance producer report an address change?
What is the minimum age requirement to obtain an insurance producer license in Maine?
How long must you wait between exam attempts if you fail the Maine insurance licensing exam?
How many hours of ethics training are required as part of Maine CE requirements?