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 2024-29, July 17, 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