How To Become An Insurance Adjuster In Maine
What Kind Of Insurance Adjuster Will You Be?
There are four main types of insurance adjusters: staff adjuster, independent adjuster, catastrophe adjuster, and public adjuster.
Each of these positions accomplishes essentially the same task: assess the damage to property brought about by some event and make an evaluation of what monetary value the insurance claim should carry.
The big difference between these different types of adjusters is who pays them, and in the case of the public adjuster, who they are advocating for. Staff, independent, and catastrophe adjusters all require the same type of license, while a public adjuster license is a little different in its specifications.
- Staff Adjuster – Works directly for an insurance company
- Independent Adjuster – Works for a third-party company who performs insurance adjuster work and is contracted by an insurance company
- Catastrophe (CAT) Adjuster – An independent adjuster who travels to an area that has been largely affected by an event (usually severe weather) and performs claims adjuster services en masse
- Public Adjuster – Is an advocate for the insurance customer, not the insurance company (requires a different type of license)
This article will cover a standard insurance claims adjuster license (sometimes known as an independent adjuster license), not a public adjuster license.
How To Get Your Insurance Adjuster License In Maine
Step 1. Adjuster Pre-Exam Education
Preparation for this exam is not something to take lightly, as the average pass rate of insurance exams nationwide is around 55% for first-time test-takers, and even less for any following attempts. We want you to pass your test the first time you take it.
Studying for this exam can take many different forms. The most common way to get prepared is to take an online study course. These courses are generally comprised of video and text with short knowledge quizzes to make sure you have a comprehensive understanding.
A slightly more minimal approach would be to purchase a state-specific study guide. These guides give you all of the facts that you need to pass the exam and maybe a bit less expensive than a course. They are, however, quite long and densely packed books, so be sure you are ready to tackle this task.
You should choose the method that fits best for you. Some people learn best out of a book, while others take in information better through video and short text. Remember, the goal is to pass your exam on the first attempt, so pick your best path forward and study hard.
Step 2. Maine Insurance Adjuster License Exam
The next step after completing all your coursework is to take and pass the Maine Insurance Adjuster License exams.
This is a proctored test, which means that you will be in a controlled environment with a person watching over you. For people who haven’t tested in a situation like this should be aware of this fact, and work on taming their nerves prior to sitting for the exam. When you arrive at the exam location you must have a photo ID any other documents that the testing facility has asked you to bring.
Maine offers a Multiple-Peril Crop Adjuster line, a Property and Casualty Adjuster line, a Workers’ Compensation Adjuster line and an All Lines Adjuster line. The All Lines is the combination of all three lines.
- The Multi-Peril Crop Adjuster license exam consists of fifty (50) questions and you have one hour (1:00) to complete it.
- The Property and Casualty Adjuster license exam consists of fifty (50) questions and you have one hour (1:00) to complete it.
- The Workers’ Compensation Adjuster license exam consists of fifty (50) questions and you have one hour (1:00) to complete it.
- The All Line Adjuster license exam consists of one hundred fifty (150) questions, and you have one and a half hours (1:30) to complete it.
An outline of included subjects for these exams can be found here: Pearson Vue Maine Examination Content Outlines.
Each attempt of the exam costs $77 and will be paid when you make your reservation.
A total score of 70% or more is required to pass this test. To explain the scoring of these exams, we will quote the Pearson Vue Maine Insurance Licensing Candidate Handbook:
Equating and Scaling
There are multiple versions of each of the licensing examinations. These versions are known as forms. Although all forms of an examination are developed based on the content outlines, the difficulty of the forms of an examination may vary slightly because different questions appear on each form. To ensure that no candidate is put at an unfair advantage or disadvantage due to the particular form of an examination that he or she is given, a statistical procedure known as equating is used to correct for differences in form difficulty.
For example, in an examination with two (2) forms, Form A and Form B, the state licensing agency determines that answering 30 questions correctly on Form A demonstrates the minimum amount of knowledge necessary to be licensed. It is further determined through the equating process that Form B contains slightly more difficult questions than Form A; therefore, answering 28 questions correctly on Form B would indicate the same level of knowledge as answering only 30 questions correctly on Form A. Under this set of circumstances, a score of 30 questions correct would be used as the passing score on Form A, whereas a score of 28 questions correct would be used as the passing score on Form B.
A second statistical procedure known as scaling is used to derive the numerical score to report for each candidate. Scaling is used to place a raw score on a common reporting scale on which each scaled score represents a given level of knowledge regardless of the difficulty of the form on which the raw score was achieved.
To illustrate how scaling works, suppose that in the examination example used above, the state licensing agency decides to use a score of 500 as the passing score for reporting purposes. (Note that the score selected to be used as the reported passing score is not related to, and has no bearing on, the difficulty of the examination.) Based on the information provided above, a raw score of 30 on Form A would translate to a scaled score of 500; a raw score of 28 on Form B would also translate to a scaled score of 500 since a raw score of 30 on Form A represents the same level of knowledge as a raw score of 28 on Form B.
The passing score of an examination was set by the Maine Bureau of Insurance (in conjunction with Pearson VUE) after a comprehensive study was completed for each examination. Raw scores are converted into scaled scores that can range from 0 to 100. To avoid misuse of score information, numeric scores are only reported to fail candidates. The scaled score that is reported to you is neither the number of questions you answered correctly nor the percentage of questions you answered correctly. With a passing score of 70, any score below 70 indicates how close the candidate came to passing, rather than the actual number or percentage of questions the candidates answered correctly.
When candidates complete the examination, they will receive a score report marked “pass” or “fail.” Candidates who pass the examination will receive a score report that includes information on how to apply for a license. Candidates who fail the examination will receive a score report that includes a numeric score and diagnostic information as well as information about re-examination.”
Insurance license tests are intentionally difficult, but not impossible by any means. You should study to the point of comfortability with the information before you attempt the test. Failing the exam isn’t the end of the world, but keep in mind that you will need to pay the fee each time you attempt the test.
You may register to take your exams and find more information on the Pearson Vue Maine Insurance page or by calling Pearson Vue at (800) 274-4959.
Step 3. Maine Insurance Adjuster License Application
Once you have completed all your coursework and passed the exams, you are now ready to apply for your license.
The fee for an online application is $45.
Apply online with the Maine Insurance Adjuster License Application.
You may also submit a mail application together with a check for $45 payable to “Treasurer State of Maine.”
For US Postal Service deliveries including overnight express, use the mailing address in the contact information section below.
For private deliveries such as FedEx and UPS:
Bureau of Insurance
76 Northern Ave
Gardiner, Maine 04345-2832
Step 4. Application Review
Once you have submitted your application and have passed your examinations, your license application will be reviewed by the state. This process generally takes about twenty-four to forty-eight (24-48) hours for online applications while seven to ten (7-10) business days through mail applications. Depending on the results of your background check, the Department of Insurance may request more information or documentation.
After the review is complete, you will receive an email from the state regarding the status of your license.
You’ve done the work, put in the time and effort, and now hold the key to your own success! We’re proud of you. Take five (5) minutes and celebrate.
Maine Department Of Insurance Contact Information
Maine Bureau of Insurance
#34 State House Station
Augusta, Maine 04333
Phone: (207) 624-8475
Fax: (207) 624-8599
Email: [email protected]
Information on this page has been gathered by a multitude of sources and was most recently updated on March 2019.Any Information on this site is not guaranteed or warranted to be correct, accurate, or up to date. StateRequirement and its members and affiliates are not responsible for any losses, monetary or otherwise. For more information, please contact your state's authority on insurance. Disclosure: StateRequirement has an affiliation with Kaplan Education company, and may receive compensation based on user activity on this site. We truly believe that Kaplan offers excellent products and services, and compliments the mission of StateRequirement.