1 (844) 589-9732

Maine Insurance Consultant Bond

by | Dec 2, 2019 | Instant Issue Bonds, License & Permit Bonds

The $20,000 Maine insurance consultant bond  is issued to you for $200 annually. There is no credit check. Please call AmeriPro Surety Bonds today at 844-589-9732.

Maine Insurance Consultant Bond

AmeriPro Surety Bonds | 844-589-9732

Maine — The way life should be…

 

 

Maine Insurance Consultant Licensing

 

 

Insurance consultants in Maine are regulated by the state’s Professional & Financial Regulation department.

A prerequisite for licensing is that, for both residents and non-residents, a $20,000 suety bond be furnished to the department.  Actually, the wording is a minimum $20,000 surety bond; however, the $20,000 requirement is typically what we would expect as per Chapter 16 §1464 of the state’s legislation.

 

 

Qualifying and the Premium

 

 

You are automatically approved for the $20,000 Maine insurance consultant bond.  The bond is issued to you immediately after we take a verbal application from you and you pay the $200 annual premium.

When you call us, we’ll ask you the basics — principally, the name that should appear on your surety bond, and your contact information.

Once the $200 premium is paid, our agency issues your surety bond to you immediately.  Your bond, along with a Power of Attorney form, are sent to you for filing.

Upon receipt of both, you’ll sign you bond as Principal, filing it with the POA form to:

State of Maine, Dept. of Professional And Financial Reg.

Bureau of Insurance

34 State House Station

Augusta, ME 04333

 

 

Premium Prepayment Options

 

 

The $200 premium associated with your Maine insurance consultant bond is good for one year.

You may choose to prepay your bond up to 3 years.  This will save you money over annual renewals, besides lengthening the time between the renewal of the premium.

The premium prepayment options and savings are as follows:

  • If prepaid for 2 years, the premium is $360, a $40 savings;
  • If prepaid for 3 years, the premium is $420, an $80 savings.

 

 

Purpose of Your Surety Bond Requirement

 

Your insurance consultant surety bond is a financial guarantee of your compliance with all laws and statutes governing insurance consulting in Maine. Subchapter 5 deals with the scope of those responsibilities.

 

 

About Us

 

 

AmeriPro Surety Bonds is a surety bonds-only agency.  We provide insurance licensee related surety bonds nationwide.  Our agency is also a provider of license and permit bonds in all 50 states.

Please call us today at:

 

844-589-9732

 

Or, you may fill out the form below and a Surety Agent will contact you.

 

Request a Callback

  • MM slash DD slash YYYY
  • Please note: We do not share or rent your address to anyone, except for underwriting purposes associated with your surety bond.
  • This helps us to find exactly the surety bond that you require. By the way, it's perfectly OK to not know the type of surety bond you need; that's why we're here!
  • This field is for validation purposes and should be left unchanged.