An Act To Establish An Apprentice Insurance Producer License

This bill establishes a new apprentice insurance producer license in Maine, creating a structured pathway for individuals to begin working in the insurance industry without taking a licensing exam. To qualify, applicants must be at least 18, have a high school diploma or equivalent, be employed by a licensed insurance producer who will supervise them, and pay a $100 issuance fee plus a $100 biennial fee. The license allows up to 10,000 hours of supervised work under a licensed producer, after which apprentices must obtain a full insurance producer license to continue. The superintendent of insurance may limit apprentices to two per licensed producer and set additional safeguards to protect the public.