Bill > LD881

This bill establishes a new apprentice insurance producer license in Maine, beginning January 1, 2026, which allows individuals to work as insurance producers without taking the standard licensing examination. To qualify, applicants must be at least 18 years old, employed by and under the supervision of a licensed resident insurance producer who assumes full legal responsibility for the apprentice's actions. The license is temporary, lasting only 180 days, and comes with significant restrictions: apprentices can only work on insurance risks within Maine, cannot perform activities in complex insurance areas like life insurance or long-term care, and must be appointed by an insurer. Each licensed resident insurance producer can sponsor no more than two apprentices per calendar year, and the superintendent of insurance retains broad discretionary power to limit or revoke the license to protect public interests. Importantly, the sponsoring producer must have held a Maine producer license in good standing for at least one year and cannot have any existing license restrictions. The apprentice must remain a resident of Maine during the apprenticeship and pay required fees. Both the apprentice and sponsor must report actions and notify the superintendent within five business days if the employment relationship ends. The bill aims to provide a structured pathway for individuals to enter the insurance production profession with direct mentorship and oversight.

Health and Social Services

https://legislature.maine.gov/legis/bills/display_ps.asp?LD=881&snum=132