The Maine Credit license

24-A M.R.S. 1420-D(1) asks a resident individual applying for a producer license to pass a written examination unless exempt under 1420-H, and 1420-E(1) is the closed list of what the superintendent must find before approving the application: at least 18 years old, no act that is a ground for denial under 1420-K, the fees under section 601 paid, and the examinations passed for the lines applied for. Paragraph C of that list is where the education requirement used to sit and it now reads "[PL 2007, c. 51, S2 (RP).]", so Maine's zero is a repeal with a citation rather than a reading off an absence. There is no cap on retakes. Read 1420-H(3) rather than the word limited in the line's own name. Maine excuses travel, mechanical breakdown, rental car and rental equipment applicants from the examination by name, and does not excuse this one. The instruction requirement the line does carry is 1420-E(4): an insurer selling limited line credit insurance has to give a program of instruction to each individual whose duties will include selling it, and the superintendent may approve that program. It is a duty on the insurer rather than on the applicant, which is where Maryland's version differs and why Maryland's credit line has a course route and Maine's does not.

Read at legislature.maine.gov on 2026-08-16

24-A M.R.S. 1420-H(3)(A), and every clause of it does work. Somebody who held a similar Maine license for the same kinds of insurance within the past two years sits no examination, provided the earlier license was not a temporary one under 1420-J, the continuing education requirements were met during those two years, the applicant is still fully qualified, and the license was voluntarily terminated. A license that was revoked or suspended closes this route for good, which the paragraph says in its own last sentence.

Read at legislature.maine.gov on 2026-08-16

24-A M.R.S. 1420-H(1). Somebody previously licensed for the same lines of authority in another state completes no examination. The exemption holds while that other license is current, or if the application arrives within 90 days of its cancellation and the prior state certifies good standing at that point, or the NAIC producer database shows it for the line being asked for.

Read at legislature.maine.gov on 2026-08-16

24-A M.R.S. 1420-H(2). Somebody licensed as a producer in another state who moves here has 90 days from establishing legal residence to apply as a resident licensee under 1420-E, written as a duty rather than an option. No examination is required for a line of authority previously held in the prior state except when the superintendent determines otherwise by rule.

Read at legislature.maine.gov on 2026-08-16