How To Become An Insurance Agent In Maine

Maine

What Kind Of Agent Are You Going To Be?

A majority of people who are applying for their insurance license have a plan in already in place of where they are going to use it. If you don't yet have a plan on how you will be using your insurance license, this is the place to start. Here are some of the questions that you should ask yourself:

  • What type of insurance am I going to sell?
  • Am I starting my own agency, or working inside of an existing agency? 
    • It may depend on how your agency is set up to tell you what type of licenses you need to hold.
  • What types of licenses does my company require me to hold? 

Answering these questions should give you tell you the types of insurance licenses you need. If you are still unsure of which lines to pursue, you can always ask the folks in the state licensing office at 207-624-8475 or email the Insurance Department.

How To Get Your Insurance License In Maine

  Pre-Exam Education

The first step in getting an Maine insurance license is passing your license exam. So why do we say the first step is pre-exam education? The answer is simple. We want you to pass your test the first time you take it. These courses or study materials are not a required step in getting your insurance license in Maine, but they are highly recommended.

Most applicants choose to take these courses online, as it fits their schedule better, but there are also in person courses available. You should choose which format in which to take your courses based on your preferred method of learning. The goal isn't just to get the courses out of the way, it's to prepare you to pass your license exam on the first attempt.

StateRequirement recommends Kaplan Education Company for all pre-license education courses.

Maine does not have a list of pre-exam education providers, but the best way to find a provider is to search the Maine Education Search Tool and speak to some of the education providers about pre-exam education.

 Insurance License Exams

The next step after completing all of your pre-license coursework or self-study is to take the insurance exam. You will take one exam for each line of insurance you wish to carry. Life, Accident, & Health (LA&H) and Property & Casualty (P&C) lines are combined tests in Maine, so you will take two exams if you wish to attain all of these lines of authority: Property, Casualty, Life, Accident & Health.

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.

The fee for each attempt of the exams is $77 (one exam per combined lines of authority). When you show up you must have a photo ID any other documents that the testing facility has asked you to bring.

The Life, Accident, and Health test consists of one hundred (136) questions. The test is broken down into two (2) sections: General Knowledge and Maine Specific. Pearson Vue offers a copy of the Maine Life, Accident, and Health Exam Outline.

The Property and Casualty test consists of one hundred forty (140) questions. The test is broken down into two (2) sections: General Knowledge and Maine Specific. Pearson Vue offers a copy of the Maine Property and Casualty Exam Outline.

To explain scoring of this exam, we will quote the Pearson Vue Maine Insurance Licensing Candidate Handbook,

 

"SCORE EXPLANATION

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.

Scaled Score

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 failing 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."

 

Check out our Insurance Exam Guide. It's extremely in-depth, and will hopefully help you pass the first time.

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.

Note: StateRequirement recommends that you study for one exam at a time, then after passing, starting on your next line. The exams are difficult enough on their own without confusing information from one line to another.

You may register to take your exams and find more information on the Pearson Vue Maine Insurance page.

 License Application

Once you have completed your exams, you are now ready to apply for your license. If you have more than one line of authority that you have passed the exam for, be sure to apply for all of those lines.

The fee for an online application is $25, and NIPR will charge a $5 transaction fee for a total of $30. If you wish to add another line to your license at a later date, you will need to pay the same fee as the original.

You must wait 24-48 hours after passing the exam to fill out the application. This will allow the system to offer you the correct lines of authority to apply for.

Fill out and submit your online application on the NIPR Maine website.

Step 4: Application Review

Once you have submitted your application and have filled all the other requirements, your license application will be reviewed by the state. Your background check initiated by the application will also be reviewed.

If everything is to acceptable standards your license should be issued quickly. If there are any items from your background check that need to be reviewed, it may slow down the process of issuance. If this is the case, the state may contact you to provide context to the issues that they have run into.

A day after submitting your application, call the license department (207-624-8475) and ask them for your license number and access code. If there aren't any problems, your license should be issued. You will receive a hard copy in the mail within a few weeks.

Congratulations!

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

Mailing Address:

Maine Bureau of Insurance
#34 State House Station
Augusta, ME 04333-0034
Phone: 207-624-8475
Fax: 207-624-8599
Email: [email protected]
Website: http://www.maine.gov/pfr/insurance/

Information on this page has been gathered by a multitude of sources, and was most recently updated in August 2017.

Any Information on this site is not guaranteed or warranted to be correct, accurate, or up to date. Huge Hammer LLC 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.