An Act Relating to Insurance Licensing
Maine Legislature, Session 127, LD 0705
Committee: Insurance and Financial Services
Sponsors: BECK, WHITTEMORE, BAKER
Amends: 24-A MRSA §1416-A, 24-A MRSA §1419, 24-A MRSA §1477

Legislative Document 
No. 705 
H.P. 481 
House of Representatives, March 5, 2015 
An Act Relating to Insurance 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. 
ROBERT B. HUNT 
Clerk 
Presented by Representative BECK of Waterville. 
Cosponsored by Senator WHITTEMORE of Somerset and 
Senator: BAKER of Sagadahoc. 
Be it enacted by the People of the State of Maine as follows: 
Sec. 1.  24-A MRSA §1416-A, sub-§2, as amended by PL 2005, c. 43, §1, is 
further 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.   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 adjuster and 
consultant 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 
consultant must be billed by the superintendent a biennial fee as provided in section 601 
and shall pay the fee due by the date the completion of the consultant's biennial education 
requirements is due in accordance with section 1482.  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 §1419, as amended by PL 2001, c. 259, §23, is further 
amended to read: 
§1419.  Duty to notify of changes; payment of late fee 
Unless a different time is set by another provision of law, any change of business 
address, business telephone number, e-mail address, name or other material change in the 
conditions or qualifications set forth in the original application of a licensee must be 
reported to the superintendent no later than 30 days after the change.  This requirement 
includes any conviction of a crime other than a traffic violation or any disciplinary action 
brought by an insurance regulatory official of any other jurisdiction against the licensee 
or against any officer, director, member or partner in a business entity.  A licensee shall 
report to the superintendent any administrative action taken against the licensee in 
another jurisdiction or by another governmental agency in this State within 30 days of the 
final disposition of the matter.  This report must include a copy of the order, consent to 
order or other relevant legal documents.  Within 30 days of the initial pretrial hearing 
date, a licensee shall report to the superintendent any criminal prosecution of the licensee 
taken in any jurisdiction.  The report must include a copy of the initial complaint filed, 
the order resulting from the hearing and any other relevant legal documents.  If any notice 
required under this section is received after the prescribed time period, the licensee shall 
pay the late fee for filing as prescribed in section 601. 
Sec. 3.  24-A MRSA §1477 is enacted to read: 
§1477.  Reciprocity 
1.  Reciprocity.  The superintendent shall waive any requirements for a nonresident 
adjuster license applicant with a valid license from that applicant's home state, except the 
requirements imposed by sections 1420-G and 1472, subsection 2, paragraph B, if the 
applicant's home state awards nonresident licenses to residents of this State on the same 
basis. If the applicant's home state does not license adjusters for the license or authority 
sought, the applicant shall designate as the applicant's home state any state in which the 
applicant is licensed and in good standing. 
SUMMARY 
This bill proposes several changes to Maine law relating to the licensing of insurance 
producers, consultants and adjusters.  The bill requires that biennial resident insurance 
consultant fees be due at the same time as the biennial continuing education requirement 
is due. It adds a provision for insurance adjusters that allows those individuals who live in 
a state that does not license adjusters to obtain reciprocal licensing based on their 
qualifications in another state. This bill requires producers to keep both their contact 
information up to date, including their e-mail address, in the records of the Department of 
Professional and Financial Regulation, Bureau of Insurance.