State statute · Maine
Insurance producer licensing definitions
Me. Rev. Stat. tit. 24-A, s. 1420-A
Edition and licensing notes
Publisher. Maine Legislature (legislature.maine.gov)
Status. Maine Revised Statutes, public domain.
What this document is
Me. Rev. Stat. tit. 24-A, s. 1420-A: Insurance producer licensing definitions is a state statute published by Maine Legislature (legislature.maine.gov). It is one of the Maine documents that insurance license exam questions are written from, including maine life & health practice questions. This page summarizes it and points to the official version, which is the text to rely on.
Sections cited in practice questions
Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.
- Me. Rev. Stat. tit. 24-A § 1420-A(4) (Insurance producer)
“4. Insurance producer. "Insurance producer" means a person required to be licensed under the laws of this State to sell, solicit or negotiate insurance.”
- Me. Rev. Stat. tit. 24-A § 1420-A(13) (Sell)
“13. Sell. "Sell" means to exchange a contract of insurance by any means, for money or its equivalent, on behalf of an insurance company.”
- Me. Rev. Stat. tit. 24-A § 1420-A(11), (13), (14), (15) (Negotiate, Sell, Solicit, Terminate)
“"Negotiate" means the act of conferring directly with or offering advice directly to a purchaser or prospective purchaser of a particular contract of insurance concerning any of the substantive benefits, terms or conditions of the contract, provided that the person engaged in that act either sells...”
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