Maine
Maine Cleaning-Up Nonresident Producer License Records
November 1, 2024, Maine will be “cleaning up” individual nonresident producer license records.
Under Maine law, a producer must have a valid home state license to hold a Maine nonresident producer license.
During the clean-up, these noncompliant licenses will be canceled. This action will occur over the next several weeks and should be completed by the end of 2024. Please see the attachment for more information.
Update: November 15, 2024, 7,700 licenses were cancelled effective today
Update: November 22, 2024, 15,300 licenses were cancelled effective today
Update: December 6, 2024, 9,600 licenses were cancelled effective today
AgentSync Actions
Our compliance experts are constantly searching for and analyzing industry updates.
Their findings are then recorded in the Regulatory Updates section of the Compliance
Library to explain how the update impacts the insurance industry. If a change
impacts an
AgentSync product, this will be highlighted to inform you that the product is being
updated to ensure you remain in compliance.
analyzed
pending
effective
This update has been reviewed by AgentSync compliance experts for industry impact and necessary automation in the AgentSync platform.
categories
Licensing
analyzed
Our compliance experts have identified the update and analyzed it for impact on both the industry and AgentSync products.
pending
The time between the update's publication date and effective date.
effective
The date the update takes effect.
released
This means an AgentSync product was updated as a result of this change and the update is now live in our product(s).