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Maine Insurance - Questions Frequently Missed well answered
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Maine Insurance - Questions Frequently Missed well answered
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Maine Insurance - Questions FrequentlyMissed
How much time does a person who was a party to a hearing have to appeal the order by the
Superintendent? - correct answer ✔✔30 days
As a prerequisite to maintaining a license, licensees must complete a continuing education requirement
every: - correct answer ✔✔2 years
If Jerry's insurance producer's license expires, how much time does he have to be reinstated without
retaking the Maine insurance licensing examination? - correct answer ✔✔2 years
What is the maximum life insurance death benefit liability to the Maine Life and Health Guaranty
Association for an individual? - correct answer ✔✔300,000
If an insurance producer, changes their business address, how much time does she have to inform the
Superintendent? - correct answer ✔✔30 days
What is the maximum prison sentence for someone who continues to be involved in the insurance
business after their insurance producer license has been suspended? - correct answer ✔✔6 months
How much time does an insurance licensee have to apply a received premium? - correct answer ✔✔30
days
What is the minimum civil penalty for a corporation convicted of an insurance law violation? - correct
answer ✔✔2000
If an insurance producer, changes their business telephone number, how much time does she have to
inform the Superintendent? - correct answer ✔✔30 days
, What is the maximum major medical insurance liability to the Maine Life and Health Guaranty
Association for an individual? - correct answer ✔✔500,000
How much time does a person who was NOT a party to a hearing have to appeal the order by the
Superintendent? - correct answer ✔✔40 days
What is the maximum civil penalty for a corporation convicted of an insurance law violation? - correct
answer ✔✔15,000
How much time does a producer who fails to pay their licensing fee have to pay before their license is
suspended? - correct answer ✔✔90 days
How many days does an insurer have to inform the Superintendent of a producer's termination? -
correct answer ✔✔30 days
If an insurance producer, changes their business telephone number, how much time does she have to
inform the Superintendent? - correct answer ✔✔30 days
How much time does an insured normally have to file a notice of claim with their insurer after a health
occurrence? - correct answer ✔✔20 days
If the Superintendent fails to act, how much time does someone have to file an appeal? - correct answer
✔✔6 months
Within how many days after informing the Superintendent of a producer's termination does the insurer
have to inform the producer? - correct answer ✔✔15 days
The Superintendent may not issue a license to a person whose license has been revoked for at least: -
correct answer ✔✔1 year
What is the maximum annuity benefit liability to the Maine Life and Health Guaranty Association for an
individual? - correct answer ✔✔250k
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