Maine Revised Statutes Title 24-A Sec. 1420-H – Exemption from examination
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1. Exemption. An individual who applies for an insurance producer license in this State who was previously licensed for the same lines of authority in another state is not required to complete any examination pursuant to section 1410. This exemption is only available if the person is currently licensed in that state or if the application is received within 90 days of the cancellation of the applicant’s previous license and if the prior state issues a certification that, at the time of cancellation, the applicant was in good standing in that state, or the state’s producer database records, maintained by the National Association of Insurance Commissioners, its affiliates or subsidiaries or any successor organization, indicate that the producer is or was licensed in good standing for the line of authority requested.
[PL 2007, c. 51, §4 (AMD).]
Terms Used In Maine Revised Statutes Title 24-A Sec. 1420-H
- Insurance producer: means a person required to be licensed under the laws of this State to sell, solicit or negotiate insurance. See Maine Revised Statutes Title 24-A Sec. 1420-A
- License: means a document issued by the superintendent authorizing a person to act as an insurance producer for the lines of authority specified in the document. See Maine Revised Statutes Title 24-A Sec. 1420-A
- National Association of Insurance Commissioners: means the National Association of Insurance Commissioners or its successor organization of insurance regulators. See Maine Revised Statutes Title 24-A Sec. 15
- Person: means an individual or a business entity. See Maine Revised Statutes Title 24-A Sec. 1420-A
- Resident: means any of the following:
2. Application. A person licensed as an insurance producer in another state who moves to this State shall make application within 90 days of establishing legal residence to become a resident licensee pursuant to section 1420?E. An examination pursuant to section 1410 is not required of that person to obtain any line of authority previously held in the prior state except when the superintendent determines otherwise by rule. Rules adopted pursuant to this subsection are routine technical rules as defined in Title 5, chapter 375, subchapter 2?A.
[PL 2007, c. 51, §4 (AMD).]
3. Additional exemptions. An examination is also not required of:
A. An applicant for a license covering the same kind or kinds of insurance for which the applicant was licensed under a similar license in this State within the past 2 years, other than a temporary license issued pursuant to section 1420?J. This exemption applies only to persons who have met the applicable continuing education requirements during the 2-year period, who voluntarily terminated their previous license and who continue to be fully qualified for the license. A person whose previous license was revoked or suspended may not become relicensed pursuant to this paragraph; [PL 2001, c. 259, §24 (NEW).]
B. An applicant for a license as a limited insurance producer who solicits or sells travel insurance; [PL 2015, c. 133, §3 (AMD).]
C. An applicant for a license as a resident title insurance producer who is an attorney at law duly licensed to practice law in this State; [PL 2001, c. 259, §24 (NEW).]
D. An applicant for a license as a limited insurance producer who solicits or sells mechanical breakdown insurance; [PL 2015, c. 77, §5 (AMD).]
E. An applicant for a license as a limited insurance producer employed by a motor vehicle rental company who solicits or sells insurance in connection with and incidental to the rental of a motor vehicle for a period not to exceed 60 days in accordance with section 1420?F, subsection 1, paragraph L; or [PL 2015, c. 77, §6 (AMD).]
F. An applicant for a license as a limited insurance producer employed by an equipment rental company who solicits or sells insurance in connection with and incidental to the rental of covered rental equipment in accordance with section 1420?F, subsection 1, paragraph M. [PL 2015, c. 77, §7 (NEW).]
[PL 2015, c. 77, §§5-7 (AMD); PL 2015, c. 133, §3 (AMD).]
SECTION HISTORY
PL 2001, c. 259, §24 (NEW). PL 2007, c. 51, §4 (AMD). PL 2015, c. 77, §§5-7 (AMD). PL 2015, c. 133, §3 (AMD).