How To Renew Your Insurance License In Maine
In Maine, insurance licenses are perpetual and automatically renew every two years. Licensees must, however, complete continuing education requirements in order to keep their license current. CE credits must be completed by the end of the birth month in an odd or even-numbered year. If you were born in an even-numbered year, your CE credits are due on the next even-numbered year, and an odd-numbered birth year has your CE credits due the next odd-numbered year.
There is no requirement to take another exam from the state, though depending on the format of your continuing education, it is possible that you may take a short knowledge test at the end of the course to be sure that you understand important insurance concepts, laws, and regulations.
If this this is the state you reside in, then renewing your license will also keep any non-resident license you have in good standing. You will still need to pay the license renewal fee for non-resident licenses held in other states.
1. Maine Insurance Continuing Education Requirements
Maine requires that resident individual licensees complete twenty-four (24) credit hours of continuing education every two year renewal period. Three (3) hours must be in the subject of ethics. Credits cannot include the same course taken repeatedly in one reporting period.
Note: It is recommended to complete all continuing education credits thirty (30) days prior to the expiration date of the license. This will give the CE provider time to report the successful completion to the department of insurance. Your CE courses can be taken any time within your license term
If you have a producer license in more than one line of authority (ex. Property & Casualty and Life & Health), you do not need to complete double the hours.
You may take your continuing education courses either in person in a classroom setting or online as a self-paced course. The online courses usually require a reading of the subject at hand, then a test at the end.
Upon completion of these courses, the company who you took the course should send the certificate of completion directly to the state. You should, however, print a copy of this certificate to keep in your records just in case there is a dispute later.
2. How To Renew Your Insurance License In Maine
Licensees will get a notice six months before the CE due date. After you have completed your continuing education, your license will automatically be renewed one business day after the due date. You may check your due date using the Maine Regulatory Licensing & Permitting online tool.
There is no fee to renew your license.
Once this process is complete, your license will be renewed and your new expiration date will be two years from your previous expiration date.
Maine Department of Professional & Financial Regulation Contact Information
Maine Department of Professional & Financial Regulation
Bureau of Insurance
#34 State House Station
Augusta, ME 04333
Email: [email protected]
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