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Maine is a mandatory state. If you are reviewing an appraisal of a property located in Maine and "opining" a value conclusion, you need a Maine license. Click here to order through the Appraisal Foundation. Adopted Valuation Advisories. Program Staff. To view PDF or Word documents, you will need the free document readers.
The staff of the Office of Professional and Occupational Regulation Purpose The Maine Board of Real Estate Appraisers was established to protect the public through examination and licensure of persons who wish to conduct real estate appraisals for a fee in the State of Maine as mandated by the federal Financial Institutions Reform, Recovery, and Enforcement Act of Fingerprints are required for any NEW license applications submitted via reciprocity.
Notice to Review Appraisers Maine is a mandatory state. Let us help take your worries away. We can do any home projects you may have. Just a call away! Your Property. Our Priority. Our Services. A: Yes. Producers must retain records for three years after completion of a transaction. Section of the Maine Insurance Code governs the sharing of commissions between licensed producers.
The basic rule is that this is permissible as long as each producer has the proper license type. The training requirement does not itself constitute a different license category. Therefore, commission sharing would be permissible between these producers. Example 1: Mary is a Maine licensed producer with Health authority. She refers a client to Bill, a Maine licensed Health producer who has completed the required training and is authorized to sell LTCI products.
Bill shares his commission with Mary. Is this allowed? Commission sharing is permissible as long as each producer has the proper license type.
In this case, Mary and Bill are Maine licensed Health producers. If she refers a client to Bill, under the same circumstances as above, is Bill able to share the commission from the LTCI product with Lisa? Lisa does not hold the required Life or Health authority. Both producers must hold the appropriate authority to share in the commission. A: No, except for those with nominal value.
These gifts may not be in the form of cash; however, cash equivalents e. May he do so? Therefore, this offer is prohibited under the rebating laws. Do the rebate laws apply to this? The rebate laws refer to gifts in connection with the marketing of insurance, which is further defined both in terms of the sale of policies, and the retention of existing insurance. These gifts, therefore, are rebates. Example 3: In order to promote his insurance business, William wishes to hold a drawing at a local Chamber of Commerce event.
These questions and answers provide general guidance with respect to producer, adjuster, and consultant licensing-related hearings. A: The duration of the hearing depends upon the complexity of the issues involved and questions that may be posed by the Hearing Officer and Bureau Staff. A: Once the hearing is concluded, the Hearing Officer has 30 days in which to issue a written decision. A: The administrative action for which you are seeking a hearing e. The Bureau of Insurance and its staff cannot give you legal advice or act as your lawyer; however, you may wish to present evidence such as letters of recommendation or testimony from colleagues or supervisors.
A: Federal law, 18 U. A: Under 18 U. This definition is broad and includes those individuals seeking licensure, but also applies to those who work for insurers or producer business entities. Resident applicants subject to 18 U. If the license application is submitted with or before the application, the Bureau will not make a determination on the license application until the consent has been granted.
A: The application must be filed by the applicant and contain all required elements as stated in the application. If a full hearing is required, correspondence will be sent to the applicant regarding scheduling the hearing. At the hearing, the applicant has the burden of establishing that the applicant has been fully rehabilitated and no longer poses a risk or threat to insurance consumers or the insurer. The hearing officer must determine that the issuance of written consent to the applicant is consistent with the public interest, federal and state law and any applicable court orders.
Bureau staff may participate in the hearing as well. Once the hearing record has closed, the hearing officer will issue a decision within 30 days. An applicant may represent themselves at the hearing or be represented by an attorney. Applications may also be submitted by email to Insurance. PFR maine. If a hearing is not necessary, the decision may take up to business days. If the hearing officer determines that a hearing is necessary, the applicant will receive communication from the Bureau regarding scheduling.
It usually takes 14 days or more to schedule a hearing. Once the hearing is concluded, a decision will be issued within 30 days. Federal law 18 U. A: It is the responsibility of the employer to ensure that any "Prohibited Person" who is currently employed or being considered for employment has received written consent from the Maine Bureau of Insurance or appropriate regulatory official. If the conditions of the consent are not continually met, the consent may be withdrawn.
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