An Act To Enhance Uniformity of Insurance Producer Licensing
Maine Legislature, Session 122, LD 0376
Committee: Insurance and Financial Services
Sponsors: FISCHER, CANAVAN, GLYNN, VAUGHAN, WOODBURY, SULLIVAN
Amends: 24-A MRSA §1416-A, 24-A MRSA §1420-F

Legislative Document 
No. 376 
H.P.278 
House of Representatives, January 25,2005 
An Act To Enhance Uniformity of Insurance Producer Licensing 
Submitted by the Department of Professional and Financial Regulation pursuant to Joint 
Rule 204. 
Reference to the Committee on Insurance and Financial Services suggested and ordered 
printed. 
Presented by Representative FISCHER of Presque Isle. 
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MILLICENT M. MacFARLAND 
Clerk 
Cosponsored by Representatives: CANAVAN of Waterville, GLYNN of South Portland, 
VAUGHAN of Durham, WOODBURY of Yarmouth, Senator: SULLIVAN of York. 
Printed on recycled paper 
Be it enacted by the People of the State of Maine as follows: 
Sec. 1. 24-A MRSA §1416-A, sub-§2, as enacted by PL 2001, c. 
259, §18, is amended to read: 
2. 
Biennial license continuation fees. 
Each nonresident 
adjuster and consultant must be billed by the superintendent a 
biennial fee as provided in section 601 and shall pay the fee due 
by January 1st of even-numbered years. 
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Each 
nonresident 
business 
entity 
must 
be 
billed 
by 
the 
superintendent a biennial fee as provided in section 601 and 
shall pay the fee due by April 1st of odd-numbered years. 
Each 
resident adjusterT and consultant 
aBe-~~-€-£-",*.i-t;.h..-iaeeFeaeeB~ 
F~ee~ee~--a~~aeFi~y must 
be 
billed 
by 
the 
superintendent 
a 
biennial fee as provided in section 601 and shall pay the fee due 
by October 1st of even-numbered years. 
Each resident business 
entity must be billed by the superintendent a biennial fee as 
provided in section 601 and shall pay the fee due by December 1st 
of even-numbered years. 
Sec. 2. 24-A MRSA §1420-F. sub-§I, 1fJ, as enacted by PL 200l, 
c. 259, §24, is repealed. 
Sec. 3. 24-A MRS A §1482, as amended by PL 1997, c. 592, §45, 
is further amended to read: 
§1482. Educational requirements 
As a prerequisite to maintaining a license, licensees must 
complete 
~g--boul--6--eE .Q continuing education requirement every 2 
years in programs or courses approved by the superintendent. 
The 
superintendent may establish by rule the amount of continuing 
education credit hours, not to exceed 30 hours, reguired under 
this section. 
Rules adopted pursuant to this section are routine 
technical rules pursuant to Title 5, 
chapter 375, 
subchapter 
2-A. 
The superintendent may, 
for good cause shown, 
grant an 
extension of time to any person to allow that person to comply 
with this subchapter. 
SUMMARY 
This bill eliminates 
the 
biennial 
continuation 
producers with independent producer authority, as such 
are the only producers still subject to such a fee. 
eliminates the limited "annuities contracts" license. 
Page l-LR0448(1) 
fee 
for 
licensees 
It also 
Finally, 
it authorizes the superintendent to establish by rule the number, 
not t.o exceed 30, of continuing education credit hours required 
of resident producer and consultant licensees under the Maine 
Insurance Code rather than continue to specify the number of 
hours by law, in order to facilitate flexibility and enhance the 
ability to remain compliant with uniformity initiatives.