Whether you are thinking of becoming a licensed insurance agent or of having your insurance company, you will need a license.
In the state of Maine, you must obtain a Maine insurance license to work as an insurance agent.
If you are interested in learning more about how to get a license, continue reading this license guide.
To sell insurance in Maine, you must prepare for the exam and thereby obtain necessary education. The state of Maine does not require pre-license education and you can plan the study process by yourself.
Given these points, it might be beneficial for you to study on your own and not spend lots of money on obtaining pre-license education. Thus, you should get some helpful books and other useful study materials from insurance companies, the company or agency you plan to work for, or an insurance agent association.
Functional material is on the Internet, too. Hence, you will easily find what you need for your studies.
Another option may be hiring a course provider or attending an approved insurance cours considering the difficulty and nature of the exam.
The second move is taking and passing the Maine insurance license exam (one exam for each line of insurance).
To register for the exam, you must use this link. You should also pay $77 for each combined line of insurance. Make the payment by a credit card, debit card, voucher or electronic check.
In case you do not want to reserve your spot online, call at (800) 274-4959.
Bring to your exam a primary ID (driver’s license, passport, military ID), which has your photograph and signature. Also, do not forget about a secondary ID (debit or credit card).
After you pass the exam, wait at least 24-48 hours until you apply for licensure. You can submit the application at NIPR Maine and pay $25 for the insurance license.
In case you make any amendments in the original application, you will need to pay the same fee, again.
The number of the exam questions depends on the insurance line. The questions cover general and state portions and are multiple-choice.
If you do not score 70% or higher, you will fail the state licensing exam. Nonetheless, you will be able to retake the exam later providing that you register again and pay the fixed fee.
Maine Department of Professional and Financial Regulation
Bureau of Insurance Licensing Division
#34 State House Station
Augusta, ME 04333-0034
To get an insurance license in Maine, you will need to spend $77 for each time you take the exam and $25 for the insurance license.
Every time you add another line of insurance, you will need to pay another $25. In addition to this, there will also be $5 fee for online application service.
Not to mention the amount of money you will have to spend on pre-license education in case you decide to attend a professional course.
Maintaining an insurance license has many advantages and good sides. In the first place, it qualifies you to legally explain, sell, negotiate and process the line of insurance you carry.
Secondly, it delivers more job opportunities to enter the insurance workforce in the state of Maine. This way you will have a larger circle of patients who trust you.