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 October 1, 1998, Title 24A MRSA § 1446 requires all producers to have a business location open to the public. An individual may use their residence for a place of business, in which case, the home address must be filed with the Bureau. Pursuant to Title 24A MRSA § 1419, any change of business address must be reported to the Bureau within 30 days after the change. Failure to do so may result in a penalty levied against the licensee. A licensed producer who provided the Insurance Bureau with a post office box number for a business address must notify the Office of Licensing and Registration of their physical address in order to comply with the law.
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