Maine Life & Health Insurance Exam 2026

Welcome to your FREE Maine Life & Health Insurance exam preparation guide. This comprehensive study resource covers Maine-specific insurance laws, regulations, and requirements you need to pass your state licensing exam.

Note: This guide covers Maine state-specific content. You should also study national Life & Health insurance concepts, as the majority of the exam tests general insurance knowledge.

Why Get Licensed in Maine?

Maine offers unique opportunities for insurance professionals:

• No Pre-License Education: Flexible path to licensing - study at your own pace
• Aging Population: One of the oldest states by median age - high demand for Medicare supplements and life insurance
• Tourism Industry: Seasonal businesses need specialized coverage
• Maritime Economy: Fishing, boating, and coastal businesses
• Rural Communities: Underserved markets need local insurance professionals
• Quality of Life: Beautiful state attracts retirees needing retirement products
• Small Business Friendly: Growing entrepreneurial community

What This Guide Covers

This FREE study guide includes:

• Maine Insurance Law & Regulations - Bureau of Insurance structure, Title 24-A of Maine Revised Statutes
• Life Insurance - Maine-specific provisions, policy requirements, beneficiary rules
• Health Insurance - State mandates, consumer protections, continuation rights
• Licensing Requirements - Application process, exam structure, CE requirements
• Practice Questions - Quiz questions with detailed explanations in each chapter

Exam Format & Requirements

Pre-License Education

Maine law does NOT require aspiring insurance agents to complete pre-licensing education hours in order to sit for the licensing exam. This step is entirely optional.

However, most successful candidates complete a preparatory course covering:

• General insurance concepts and principles
• Life insurance products and policies
• Health insurance types and coverage
• Maine insurance laws and regulations
• Ethics and professional conduct

Exam Tip: While Maine doesn't mandate pre-licensing education, the exam is comprehensive. Consider investing in a prep course to strengthen your chances of passing on the first attempt.

Exam Structure

Important: Two-Section Format

You are required to obtain a passing score in EACH of the two sections of the exam:

1. General Knowledge - National insurance principles
2. State Law - Maine-specific regulations

Both sections must be passed to receive a passing score.

Exam Details

Exam Costs (2026)

• Life Insurance Exam Fee: $55-$80
• Health Insurance Exam Fee: $55-$80
• Pre-License Education (Optional): $150-$400 (varies by provider)
• License Application Fee: Via NIPR
• Total Initial Cost: Approximately $100-$250

Application Process

Steps to Get Licensed

1. Study and Prepare: Complete recommended exam prep course (not required but recommended)
2. Schedule Exam: Book with Pearson VUE online or by phone
3. Pass Exam: Score 70% or higher on BOTH General Knowledge and State Law sections
4. Submit Application: Apply through NIPR
5. Receive License: Maine Bureau of Insurance issues license

Application Timeline

• You must apply for and be issued your insurance license within 1 year of passing your state insurance exam
• If you miss this deadline, you will be required to retake the exam

Exam Content Areas

General Knowledge Section (Life Insurance)

1. General Insurance Concepts (15-20%)

   • Risk and insurance fundamentals
   • Policy structure and provisions
   • Insurable interest and indemnity
   • Insurance company operations

2. Life Insurance Products (30-35%)

   • Term life insurance types
   • Whole life and permanent insurance
   • Universal and variable life
   • Annuities and retirement products

3. Life Insurance Policy Provisions (25-30%)

   • Standard policy provisions
   • Optional provisions and riders
   • Beneficiary designations
   • Settlement options

4. Life Insurance Underwriting & Taxation (15-20%)

   • Underwriting basics
   • Tax treatment of life insurance
   • Business uses of life insurance
   • Estate planning concepts

General Knowledge Section (Accident & Health)

1. General Insurance Concepts (15-20%)

   • Risk and insurance fundamentals
   • Policy structure and provisions
   • Insurable interest principles

2. Health Insurance Products (30-35%)

   • Medical expense insurance
   • Disability income insurance
   • Long-term care insurance
   • Medicare and Medicaid

3. Health Insurance Policy Provisions (25-30%)

   • Mandatory and optional provisions
   • Policy riders and endorsements
   • Renewal provisions
   • Claims procedures

4. Group Health Insurance (15-20%)

   • Group plan characteristics
   • COBRA and continuation rights
   • ERISA requirements
   • ACA compliance

Maine State Law Section

The Maine-specific portion covers:

1. Maine Bureau of Insurance

   • Department structure and authority
   • Superintendent of Insurance powers
   • Title 24-A of Maine Revised Statutes
   • Regulatory oversight and enforcement

2. Maine Producer Licensing

   • Licensing requirements and process
   • Lines of authority
   • Continuing education requirements (24 hours every 2 years)
   • License renewal procedures

3. Maine Life Insurance Laws

   • Policy delivery requirements
   • Free look period requirements
   • Beneficiary designation rules
   • Policy replacement regulations
   • Standard policy provisions

4. Maine Health Insurance Laws

   • State health insurance mandates
   • Maine continuation rights
   • Individual and group market rules
   • Medicare supplement regulations

5. Maine Insurance Trade Practices

   • Unfair trade practices
   • Prohibited practices and penalties
   • Consumer protection laws
   • Claims handling requirements

License Maintenance & Continuing Education

CE Requirements

• Total Hours: 24 hours every 2 years
• Ethics Requirement: Ethics hours may be required (check current Bureau requirements)
• Deadline: CE must be completed before license expiration

License Renewal

• Renewal Period: Every 2 years
• Renewal Process: Through NIPR
• Late Renewal: Additional fees and potential license lapse

Reporting Requirements

• Report address changes promptly
• Report administrative actions within required timeframe
• Maintain records for required period

Study Strategy

Recommended Study Plan

Week 1-2: National L&H Fundamentals

• Insurance principles and terminology
• Life insurance products and policies
• Health insurance coverages
• Policy provisions and contract law

Week 3: Maine-Specific Content

• Maine Bureau of Insurance structure
• Title 24-A of Maine Revised Statutes
• Producer licensing requirements
• Consumer protection laws

Week 4: Practice & Review

• Take practice exams
• Review missed questions
• Focus on BOTH sections (General Knowledge AND State Law)
• Memorize key numbers and dates

Key Numbers to Memorize

Exam Requirements

• Passing Score: 70% on each section separately
• Life Exam: 85 total questions (75 scored) in 2 hours
• Exam Fee: $55-$80 depending on line

Licensing Requirements

• Pre-License Education: NOT required
• Application Deadline: 1 year after passing exam

Continuing Education

• CE Hours: 24 hours every 2 years

Maine Insurance Resources

Official Resources

• Maine Bureau of Insurance: maine.gov/pfr/insurance
• Title 24-A of Maine Revised Statutes: mainelegislature.org
• Pearson VUE Exam Information: pearsonvue.com
• NIPR Licensing Portal: nipr.com

Important Contacts

Maine Bureau of Insurance

• Address: 34 State House Station, Augusta, ME 04333
• Phone: (207) 624-8475
• Toll-Free: (800) 300-5000
• Website: maine.gov/pfr/insurance

Pearson VUE Testing

• Website: pearsonvue.com
• Phone: (800) 274-2609

Getting Started

This study guide is organized into chapters covering Maine-specific requirements:

Chapter 1: Maine L&H Regulation & Licensing

• Maine Bureau of Insurance structure
• Producer licensing requirements
• Continuing education requirements
• Application process

Chapter 2: Maine Life Insurance

• State policy requirements
• Free look and replacement rules
• Beneficiary provisions
• Group life insurance

Chapter 3: Maine Health Insurance

• State health mandates
• Maine continuation rights
• Medicare supplement regulations
• Long-term care requirements

Chapter 4: Maine Ethics & Professional Conduct

• Unfair trade practices
• Producer duties to clients
• Claims handling requirements
• Record keeping and documentation

Ready to start? Begin with Chapter 1 to learn about Maine's regulatory structure and licensing requirements.

Disclaimer

This study guide is for educational purposes only and reflects Maine insurance laws and regulations as of January 2026. Insurance laws change frequently. Always verify current requirements with the Maine Bureau of Insurance before relying on any information for licensing or business decisions.

Good luck on your Maine Life & Health insurance exam!