The Maine Variable Life and Variable Annuity Products license

24-A M.R.S. 1410(8) is the sentence that governs this line and it asks for two things rather than one: "An applicant for a variable contract license, in addition to passing an examination required for a resident producer's license with life authority in accordance with subchapter II-A, must have successfully completed the minimum requirements of a national association of securities dealers for the sale of variable contracts."So the paper is the life paper and the securities qualification sits on top of it, which is what most states here do and what this page said Maine did not. Pearson VUE's Maine handbook is the second witness: it publishes fourteen papers for Maine and none of them is a variable paper, so there is no separate examination for the superintendent to require. The general machinery still applies underneath. 1420-D(1) puts a written examination in front of a resident producer applicant unless 1420-H exempts them, 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 is where the education requirement sat 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 at legislature.maine.gov on 2026-08-19

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 A license that was revoked or suspended closes this route for good, which the paragraph says in its own last sentence.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