Why Is The Insurance Company Not Returning All Of My Premium?

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: 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?
  A: 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 … 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: 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