Maine Producer Licensing Act

The Producer Licensing Act governs who may sell, solicit, or negotiate insurance within a state, requiring individuals and entities acting as insurance producers to hold a license issued by the state insurance regulator. It establishes the licensing machinery: application and examination requirements, defined exceptions and exemptions, temporary and apprentice licenses, streamlined treatment of producers already licensed in another state, and the use of assumed business names. The act also sets ongoing conditions of licensure, including insurer appointment of producers, limits on paying commissions to unlicensed persons, reporting of administrative and criminal actions, and the grounds and process for denying, refusing to renew, or revoking a license.

Editorial summary generated from the text of this act. It is not part of the statute — read the sections below for the operative language.