Maine Insurance License Requirements InsuranceLicenseExpress.com

In Maine, a person may not sell, solicit or negotiate insurance for any class or classes of insurance unless the person is licensed for that line of authority in accordance with Title 24-A: Maine Insurance Code.

An individual must met the following requirements to apply for a resident insurance producer license in Maine:

1. Be at least 18 years of age
2. Has not committed any act that would be grounds for denial, suspension or revocation as set forth in Maine law.
3. Has paid all required fees
4. Has successfully passed the exam(s) for the line(s) of authority for which the person has applied

Fees:

When a license is issued under Title 24-A, although issued to the individual, it is at all times the property of the state of Maine. Upon request, the license shall be returned to the Bureau of Insurance.

For more information refer to the Maine insurance producer, adjuster, and consultant licensing laws contained in Title 24-A, M.R.S.A. Chapter 16.

Securities License Requirements

Any securities professional associated with a member firm-including partners, officers, directors, branch managers, department supervisors, and salespersons-must register with the Financial Industry Regulatory Authority (FINRA). The registration application requires information about the individual's prior employment and disciplinary history. FINRA prescribes two levels of qualification and registration:

• Registered representatives, generally sales personnel
• Principals, generally officers of the firm and other management personnel involved in the day-to-day operation of the firm's investment banking or securities business

As part of the registration process, securities professionals must pass examinations administered by FINRA to demonstrate competence in the areas in which they will work. These mandatory qualification examinations cover a broad range of subjects on the markets, as well as the securities industry and its regulatory structure, ensuring a minimum level of understanding and expertise. For additional information, you should consult with your broker-dealer management team. You may also visit FINRA's website for detailed information.