Insurance Licensing Compliance Guide
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Maine Insurance License

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Licensing requirements for Maine insurance professionals and companies.

This page provides an overview of insurance licensing in Maine for individuals and companies. You will find state requirements, application fees, filing instructions, and more. For assistance with licensing, please contact us to learn about our software and managed license services.

Companies that provide insurance producer services in Maine must apply for a license prior to doing business. Depending on the lines of authority offered by the entity and the types of services offered, multiple firm licenses may be required.

Before applying, firms should ensure that the licensed individual to be appointed agent in charge has the necessary licenses. Firms should also gather proof of incorporation, or foreign qualification for out-of-state firms, in anticipation of application requirements.

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Company Licenses

Maine Financial Services Company Licenses

Maine Debt Collector Branch License

Agency:Maine Department of Professional and Financial Regulation - Bureau of Consumer Credit Protection
Fact Checked:1/8/19

Initial Registration

Form:

Branch Application

Agency Fee:

$150 if the company's main office license expires in less than 12 months and $300 if the main office license expires in more than 12 months.

Notarize:Required
Fact Checked:1/8/19

Registration Renewal

Agency Fee:

$300

Due:

By July 31 of even-numbered years for licensees with names beginning with letters A-M and by July 31 of odd-numbered years for licensees with names beginning with N-Z.

Notes:

Renewal forms are mailed around June 1st.

Fact Checked:1/8/19

Maine Debt Collector License

Agency:Maine Department of Professional and Financial Regulation - Bureau of Consumer Credit Protection
Foreign Qualification is Prerequisite:Yes
Financial Requirements:

Applicants must have a net worth of at least $10,000 demonstrated by a financial statement.

Bond Requirements:

Varies by collection activities and gross collection. Required bond amounts range from $5,000 to $50,000.

Registered Agent (Special Agency) Required?Yes
Fact Checked:1/8/19

Initial Registration

Form:

Debt Collector License Application

Agency Fee:

$300 if filing in the second half of the biennial license period and $600 if filing in the first half of the biennial license period.

Notarize:Required
Fact Checked:1/8/19

Registration Renewal

Agency Fee:

$600

Due:

By July 31 of even-numbered years for licensees with names beginning with letters A-M and by July 31 of odd-numbered years for licensees with names beginning with N-Z.

Notes:

Renewal forms are mailed around June 1st.

Fact Checked:1/8/19

Maine Insurance Agency License

Agency:Maine Bureau of Insurance
Fact Checked:1/8/16

Initial Registration

This section applies to insurance firms that are applying for a license in Maine for the first time.

Agency:Maine Bureau of Insurance
Form:

http://www.maine.gov/pfr/insurance/producer/licforms.htm

Agency Fee:

Varies by insurance type. Baseline of $45

Fact Checked:1/8/16

Registration Renewal

This section applies to insurance firms that are already licensed in Maine and need to renew their license.

Agency:Maine Bureau of Insurance
Form:

http://www.maine.gov/pfr/insurance/producer/licforms.htm

Agency Fee:

Varies by insurance type. Baseline of $45

Due:

Biennially

Fact Checked:1/8/16

Maine Medical Utilization Review License

Type of Review:

Medical Utilization Review

Agency:Maine Bureau of Insurance
Foreign Qualification is Prerequisite:Yes
Fact Checked:2/5/21

Initial Registration

Form:

Medical Utilization Review License Application

Agency Fee:

$400

Required Attachments:
  • For foreign applicants, proof of registration with the Maine Secretary of State.
  • A list of all states in which applicant is licensed to perform similar services, including current license numbers.
  • A list of all principal proprietors, partners, directors, officers and administrators.
  • Provide number of applicant's employees in Maine and estimated number of employees nationally. If operations are conducted at more than one location in Maine, list locations and activities separately and give number of employees at each location.
  • A detailed description of the medical utilization review processes in place for each medical utilization review program
    offered by the applicant, including but not limited to:
    • A. Second opinion programs.
    • B. Hospital pre-admissions certification.
    • C. Pre-inpatient service eligibility determination.
    • D. Concurrent hospital review to determine appropriate length of stay.
    • E. Notification of covered persons and providers of utilization review decisions.
    • F. Other (explain).
  • A description of the processes used by the applicant to address beneficiary and provider requests for reconsideration, standard appeals, expedited appeals, and second level grievance reviews.
  • A copy of all materials to be used by the applicant to inform beneficiaries of the requirements of the utilization review plans and the rights and responsibilities of the beneficiaries under the plan.
  • Copies of any policies and procedures the MUR entity has in place for use with their medical utilization review criteria.
  • A statement of whether the MUR entity has developed its own medical utilization review criteria, or whether it has contracted with any other entity to provide the MUR entity with review criteria. If the MUR contracts with another entity for criteria, a copy of the contract or license agreement, including the contract or agreement expiration date must be provided.
  • A description of the applicant's process for preserving the confidentiality of medical information used in the utilization review process.
Fact Checked:2/5/21

Registration Renewal

Agency Fee:

$100

Due:

Annually by April 1.

Notes:

Return the notice sent by the insurance bureau along with the renewal fee to renew your license.

Fact Checked:2/5/21

Supplemental Reporting
Annual Evaluation Information Report

Form:

Annual Evaluation Information Reporting Form

Agency Fee:

$0

Due:

Annually by April 1.

Notes:
  • UREs that have completed the Bureau of Insurance Annual Report Card need not complete this form.
  • Any insurer or 3rd-party administrator which issues or administers a program or contract in this State providing coverage for hospital care that contains a provision whereby in non-emergency cases the insured is required to be prospectively evaluated through a pre-hospital admission certification, pre-inpatient service eligibility program or any similar pre-utilization review or screen eligibility program or any similar pre-utilization review or screening procedure prior to the delivery of contemplated hospitalization, inpatient or outpatient health care or medical services which are prescribed or ordered by a duly licensed physician shall file a report on the results of that evaluation for the proceeding year with the superintendent
Fact Checked:2/5/21

Maine Non-Resident Adjusting Firm License

Agency:Maine Bureau of Insurance
Fact Checked:4/27/21

Initial Registration

Filing Method:

Online

Agency Fee:

$75

Fact Checked:4/29/21

Maine Non-Resident Producer Business Entity License

Agency:Maine Bureau of Insurance
Fact Checked:4/27/21

Initial Registration

Filing Method:

Online

Agency Fee:

$85

Fact Checked:4/29/21

Maine Resident Adjusting Firm License

Agency:Maine Bureau of Insurance
Fact Checked:4/27/21

Maine Resident Producer License

Agency:Maine Bureau of Insurance
Fact Checked:4/27/21

Individual Licenses

Maine Individual Financial Services Licenses

Maine Adjuster (NonResident) License

Agency:Maine Bureau of Insurance
Fact Checked:4/27/21

Maine Adjuster (Resident) License

Agency:Maine Bureau of Insurance
Fact Checked:4/27/21

Initial Registration

Filing Method:

Online

Agency Fee:

$45

Fact Checked:4/29/21

Registration Renewal

Filing Method:

Online

Agency Fee:

$55

Fact Checked:4/29/21

Maine Individual Producer (Resident) License

Agency:Maine Bureau of Insurance
Fact Checked:4/27/21

Initial Registration

Filing Method:

Online

Agency Fee:

$25

Fact Checked:4/29/21

Maine Insurance Agent License

Agency:Maine Bureau of Insurance
Fact Checked:12/31/20

Initial Registration

This section applies to insurance agents that are applying for a license in Maine for the first time.

Agency Fee:

From $25 to $165 depending on license type

Fact Checked:6/1/17

Renewal Not Required

Not required



Maine Non Resident Producer Limited License

Agency:Maine Bureau of Insurance
Fact Checked:4/27/21

Initial Registration

Filing Method:

Online

Agency Fee:

$55

Fact Checked:4/29/21

Maine Producer Limited Resident License

Agency:Maine Bureau of Insurance
Fact Checked:4/27/21

Initial Registration

Filing Method:

Online

Agency Fee:

$25

Fact Checked:4/29/21

Learn about insurance licensing in other states:

Adjuster - A person or firm that is paid to adjust, investigate, and negotiate claim settlements. There are 3 categories of adjusters: company, independent, and public. Company adjusters work for insurance companies and investigate claims on behalf of the company. Independent adjusters investigate claims on a contractual basis for insurance companies. Public adjusters investigate claims on behalf of claimants, usually to determine the amount of money that can be claimed.

Agent in Charge - A licensed individual responsible for the supervision of all individuals within an insurance agency. The agent in charge must be licensed in the same lines as the agency.

Insurance Agent - Insurance agents act as intermediaries between the insurance company and policyholders. Agents can be either captive or independent. Captive agents represent a single insurance company, while independent agents represent multiple insurers.

Insurance Broker - Individuals who sell insurance policies while representing the interests of the buyer. Brokers are typically independent intermediaries without an insurance company affiliation.

Insurance Producer - May be used to refer to either individual insurance agents and brokers or insurance agencies and brokerages.

Managing General Agent - An agent or broker that is involved in underwriting and has other areas of authority normally handled by insurers. MGAs are typically involved in unusual lines of coverage or in geographically prohibitive areas.

Surplus Lines Insurer - An insurance carrier that takes on risks that a licensed carrier is unwilling to insure. Surplus lines insurers do not have access to state guaranty funds and are less tightly regulated by state governing bodies.

Third Party Administrator - An organization that manages group insurance policies and works with the employer and insurance carrier to process claims, handle loss control, and provide risk management and consulting services.

Title Agent - Title agents sell insurance that protects real estate owners against loss of ownership of a property due to a legal claim.

Viatical Settlement Provider - A company that purchases life insurance policies at a discount from individuals seeking immediately available funds.

Independent Insurance Agents and Brokers of America (Big “I”)
Advocacy group of independent insurance brokers and agents.

National Association of Insurance and Financial Advisors (NAIFA)
Professional association that advocates for favorable regulatory conditions for insurance agents and financial advisors.

National Association of Insurance Companies (NAIC)
A standard setting and regulatory support organization that is governed by state insurance regulators.

National Association of Professional Insurance Agents (PIA)
Professional association that provides education and advocacy for insurance agents throughout the United States.

National Insurance Producer Registry (NIPR)
An affiliate of the NAIC that provides streamlined and uniform producer licensing processes.

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