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Courses over 16 credits require another person monitor the final exam. Courses less than 16 credits do not require that a monitor be present.

Provider #609

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Continuing Education Requirements

This information is intended to provide answers to commonly asked questions by insurance agents. It is not intended to replace detailed information found in your state’s statutes and regulations. Though we have made reasonable efforts to ensure that the information given is reliable and current, we cannot guarantee that it is. For more information please contact your state insurance department. See contact information below.

Hours Required

24 credit hours, biennially

Compliance Date

The compliance date is the last day of the agent's birth month, biennially. If an agent was born in an odd year then their renewal period also ends in an odd year; if an agent was born in an even year then their renewal period also ends in an even year.

Approved Course Delivery Methods

Agents may take any combination of classroom, home-study or online courses.

Exam Requirements

Exams are open-book and a passing grade of 70% is required on final exams.

Courses over 16 credits require another person monitor the final exam.  Courses less than 16 credits do not require that a monitor be present.

Course Subject Requirements

• Licensees must complete 3 credit hours in ethics each biennium.
• All Maine licensed resident insurance producers who sell federal flood insurance policies are required to complete a one-time 3-credit course in flood.
• Producers who sell, solicit or negotiate Long Term Care insurance must be licensed for Accident and Health or Sickness or Life, and must complete a one-time 8-hour training course. In addition to the one-time training course, producers who sell LTC insurance must complete no less than 4 hours of ongoing LTC training every 24 months.

Carryover Credits

Excess CE credit hours may not be carried over to the next reporting period.

Course Repetition

Courses may not be taken more than once within a renewal period.

Exemptions

• Individuals holding limited licenses (such as title insurance) have no CE requirement.
• Individuals licensed less than one year at the time of the first CE compliance date are exempt for the first reporting period.
• Non-resident agents are exempt from the CE requirement if they are in compliance with the requirements of their home state.

Credit Reporting

Cape will report credits within 30 days of course completion. A certificate of completion is provided for the agent's records.

Contact Information:

If you have any questions regarding renewal or credits, please contact:

Maine Bureau of Insurance Licensing Division
34 State House Station
Augusta, ME 04333-0062
( 207) 624-8411
https://www.maine.gov/pfr/insurance/index.html

Contact Cape:

Cape School, Inc.
P.O. Box 169
Buckingham, VA 23921

Phone: 800-729-7974
Fax: 888-303-1828
Or email us below

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