Maine Insurance - Questions Frequently
Missed Q&A 100% Solved
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
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©NINJANERD 2025/2026. YEAR PUBLISHED 2025.
, 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
If an insurance producer, changes their business telephone number, how much
time does she have to inform the Superintendent? - ✔✔30 days
How much time does an insured normally have to file a notice of claim with
their insurer after a health occurrence? - ✔✔20 days
2|Page
©NINJANERD 2025/2026. YEAR PUBLISHED 2025.
Missed Q&A 100% Solved
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
1|Page
©NINJANERD 2025/2026. YEAR PUBLISHED 2025.
, 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
If an insurance producer, changes their business telephone number, how much
time does she have to inform the Superintendent? - ✔✔30 days
How much time does an insured normally have to file a notice of claim with
their insurer after a health occurrence? - ✔✔20 days
2|Page
©NINJANERD 2025/2026. YEAR PUBLISHED 2025.
