Must A Licensed Producer, Adjuster, Or Consultant Report Disciplinary Actions Brought By Other Jurisdictions Or Criminal Convictions That Are Finalized After They File The Initial Application In Maine?

Yes, a producer, adjuster, or consultant is under a continuing obligation pursuant to Title 24A MRSA § 1419 to report within 30 days any material changes in the conditions or qualifications set forth for licensure in the original application to the Maine Bureau of Insurance .

Other Maine Insurance FAQs

Q: Can An Insurer Scan Or Otherwise Copy The Maine Insurance Bureaus Application Forms For Producers, Agencies, Consultants And Adjusters So That The Forms Can Be Filled Out On The Computer?
A: Yes, application forms may be reproduced for use in Maine.
Q: Can An Applicant Submit Their Producer, Consultant, Adjuster, Or Agency Application Via E-Mail?
A: Yes, an application may be submitted via email as long as the hard copy of the application is also submitted later. In the future, the Bureau of Insurance expects … More
Q: Does An Adjuster Who Adjusts Claims For Several Insurers That Comprise A Group Of Affiliated Insurers Have To Be Licensed?
A: Title 24A MRSA § 1402 exempts "employees of insurers" from the definition of adjuster. The Bureau of Insurance has interpreted this exemption to include an … More
Q: May A Producer Or Agency Use A Post Office Box As A Business Address?
A: No, a producer or agency may not use a post office box as its business address. Applications will be considered incomplete if no physical address is listed. Effective … More
Q: How Much Time Does The Company Have To Pay My Claim?
A: Your insurance policy specifies the time within which your claim must be either paid or denied. Usually you are required to submit a "Proof of Loss" which documents … More
Q: Am I Required To Provide A Recorded Statement About The Claim?
A: Yes, your insurance policy requires you to cooperate with the insurer in the settlement of any claim. Many also require you to submit to an examination under oath.
Q: What Effect Will Repeated Cancellation For Nonpayment Have On My Ability To Find Coverage In The Future?
A: You could be refused coverage altogether, or insurers might require that you submit most or all of the premium in advance with a bank check or money order.
Q: What Are The Possible Effects Of Concealing Information From The Insurance Company?
A: You may jeopardize your coverage (a policy cancellation or nonrenewal could result) and payment for claims if the concealment is "material," meaning that it would … More
Q: Why Is The Insurance Company Not Returning All Of My Premium?
A: Depending on the type of policy, you may be required to pay a minimum premium, or the premium may be fully "earned." In other instances, if you replaced your coverage … More
Q: I Was In An Accident Caused By Someone Else. Their Insurance Company Wont Pay For All Of My Damages. What Can I Do About This? Can The Bureau Help Me?
A: The Bureau can investigate to determine the reason why the company has not accepted full responsibility for the loss. Often thirdparty cases are paid on the basis … More