Maine Insurance - Questions Frequently Missed (Answered) Correctly 2024!!

Maine Insurance - Questions Frequently Missed (Answered) Correctly 2024!! How much time does a person who was a party to a hearing have to appeal the order by the Superintendent? 30 days As a prerequisite to maintaining a license, licensees must complete a continuing education requirement every: 2 years If Jerry's insurance producer's license expires, how much time does he have to be reinstated without retaking the Maine insurance licensing examination? 2 years What is the maximum life insurance death benefit liability to the Maine Life and Health Guaranty Association for an individual? 300,000 If an insurance producer, changes their business address, how much time does she have to inform the Superintendent? 30 days What is the maximum prison sentence for someone who continues to be involved in the insurance business after their insurance producer license has been suspended? 6 months How much time does an insurance licensee have to apply a received premium? 30 days What is the minimum civil penalty for a corporation convicted of an insurance law violation? 2000 If an insurance producer, changes their business telephone number, how much time does she have to inform the Superintendent? 30 days What is the maximum major medical insurance liability to the Maine Life and Health Guaranty Association for an individual? 500,000 How much time does a person who was NOT a party to a hearing have to appeal the order by the Superintendent? 40 days What is the maximum civil penalty for a corporation convicted of an insurance law violation? 15,000 How much time does a producer who fails to pay their licensing fee have to pay before their license is suspended? 90 days How many days does an insurer have to inform the Superintendent of a producer's termination? 30 days