Code of Maine Rules
02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION
031 - BUREAU OF INSURANCE
Chapter 545 - PRODUCER AND BUSINESS ENTITY LICENSE AND APPOINTMENT FEES
Section 031-545-3 - Producer license and appointment fees
Current through 2024-38, September 18, 2024
Producer license and appointment fees are hereby established in the following amounts.
Payments made in excess of these amounts up to the statutory cap are earned upon receipt and are not refundable.
A. License fees
Individual producer licenses:
Issuance of resident individual producer license......................................................... $10
Issuance of nonresident individual producer license.................................................... $40
Issuance of temporary license under 24-A M.R.S.A. §1420-J.................................... $50
Producer business entity licenses:
Issuance of resident producer business entity license................................................. $30
Biennial continuation of resident producer business entity license................................ $30
Issuance of nonresident producer business entity license............................................ $70
Biennial continuation of nonresident producer business entity license........................... $70
B. Appointment fees
Individual producers:
Appointment of resident individual producer to each insurer, health maintenance organization, fraternal benefit society, nonprofit hospital or medical service organization, viatical settlement provider or risk retention group..................................................... $30
Biennial renewal fee for appointment of resident individual producer to each insurer, health maintenance organization, fraternal benefit society, nonprofit hospital or medical service organization, viatical settlement provider or risk retention group................................................................................. $30
Appointment of nonresident individual producer to each insurer, health maintenance organization, fraternal benefit society, nonprofit hospital or medical service organization, viatical settlement provider or risk retention group..................................................... $45
Biennial renewal fee for appointment of nonresident individual producer to each insurer, health maintenance organization, fraternal benefit society, nonprofit hospital or medical service organization, viatical settlement provider or risk retention group................................................................................. $30
Producer business entities:
Appointment of resident producer business entity to an insurer, health maintenance organization, fraternal benefit society, nonprofit hospital or medical service organization, viatical settlement provider or risk retention group...... No Fee
Biennial appointment renewal of resident producer business entity to an insurer, health maintenance organization, fraternal benefit society, nonprofit hospital or medical service organization, viatical settlement provider or risk retention group........................................................................... No Fee
Appointment of nonresident producer business entity to an insurer, health maintenance organization, fraternal benefit society, nonprofit hospital or medical service organization, viatical settlement provider or risk retention group No..... Fee
Biennial appointment renewal of nonresident producer business entity to an insurer, health maintenance organization, fraternal benefit society, nonprofit hospital or medical service organization, viatical settlement provider or risk retention group........................................................................... No Fee
