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Life and Health Insurance Producer Exam

Licensing (ME): practice questions

Our Life & Health Insurance bank has 13 questions on this topic. Here are 5 of them with answers; the full mock exam draws from every topic, like the real one.

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Question 1 · Maine

How long does a Maine insurance producer license remain in effect?

  1. For 4 years from issue, then it expires automatically
  2. Until the producer's first appointment ends
  3. Continuously, as long as fees are paid and resident CE requirements are met by the due date
  4. For a fixed 2-year term, after which a new application and exam are needed
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C. Continuously, as long as fees are paid and resident CE requirements are met by the due date — 24-A M.R.S. §1420-F(2).

Question 2 · Maine

If the superintendent denies or refuses to renew a producer license, how long does the applicant or licensee have to make a written demand for a hearing?

  1. Within 10 business days
  2. Within 30 days
  3. Within 1 year
  4. Within 60 days of the next renewal date
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B. Within 30 days — 24-A M.R.S. §1420-K(2).

Question 3 · Maine

A producer licensed in another state moves to Maine. Within how many days of establishing legal residence must the producer apply for a resident license to obtain previously held lines without an exam?

  1. 90 days
  2. 180 days
  3. 30 days
  4. One year
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A. 90 days — 24-A M.R.S. §1420-H(2).

Question 4 · Maine

What is the longest period for which the Maine superintendent may issue a temporary insurance producer license without an examination?

  1. Two years
  2. 180 days
  3. One year
  4. 60 days
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B. 180 days — 24-A M.R.S. §1420-J(1).

Question 5 · Maine

Under 24-A M.R.S. §1411, what happens if an insurance contract is made through a licensee outside the scope of the license authority?

  1. The insurer may cancel it within 10 days without notice
  2. The licensee is personally liable under that contract
  3. The policyholder must reapply through another producer
  4. The contract is void from the beginning
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B. The licensee is personally liable under that contract — 24-A M.R.S. §1411(4).

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