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Maine Insurance Exam - State Law Supplement 2024 Review
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Maine Insurance Exam - State Law Supplement 2024 Review
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Maine Insurance Exam - State LawSupplement 2024 Review
What regulates the insurance business in Maine? - Answer>>
Bureau of Insurance
Who selects the Superintendent of Insurance? - Answer>> The
Governor
Duties of the Superintendent of Insurance (Maine)? - Answer>>
-Investigating the affairs of anyone engaged in the insurance
business in Maine
-Issuing certificates of authority to transact insurance business in
Maine
-Enforcing Maine's insurance laws and regulations
Writing Maine's insurance laws is not a duty of the
Superintendent? True or False? - Answer>> True
An owner of a vehicle registered in Maine must maintain no less
than which of the following amounts of motor vehicle financial
responsibility? - Answer>> 50/100/25
An insurer's license to do business in Maine is called? -
Answer>> A certificate of Authority
A resident producer who moves to another state must notify the
Superintendent within how many days? - Answer>> 30 Days
Any individual who violates any provision of the Maine Insurance
Title or any order of the Superintendent may be subject to a civil
penalty of between ? - Answer>> $500 and $5,000 for each
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