Maine § 24-A §7054 Requirements

Maine Statutes

§ 24-A §7054 — Requirements

Maine § 24-A §7054

Title 24-AMAINE INSURANCE CODE

Ch. 90LIMITED LINES TRAVEL INSURANCE

This text of Maine § 24-A §7054 (Requirements) is published on Counsel Stack Legal Research, covering Maine primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Me. Rev. Stat. tit. 24-A, § 24-A §7054 (2026).

Text

A travel retailer is authorized to offer and disseminate travel insurance on behalf of and under the authority of a supervising travel insurance producer if the following requirements are met.

1.Disclosure. The supervising travel insurance producer or travel retailer shall provide to purchasers of travel insurance brochures or other written materials that have been approved by the issuing insurer and include:

2.Registry of travel retailers; grounds for suspension and revocation; penalties. The supervising travel insurance producer shall establish and update a register on a form prescribed by the superintendent of each travel retailer that offers travel insurance on the supervising travel insurance producer's behalf. The register must include the name, address and contact information of t

Free access — add to your briefcase to read the full text and ask questions with AI

A travel retailer is authorized to offer and disseminate travel insurance on behalf of and under the authority of a supervising travel insurance producer if the following requirements are met.
1.
Disclosure.
The supervising travel insurance producer or travel retailer shall provide to purchasers of travel insurance brochures or other written materials that have been approved by the issuing insurer and include:
2.
Registry of travel retailers; grounds for suspension and revocation; penalties.
The supervising travel insurance producer shall establish and update a register on a form prescribed by the superintendent of each travel retailer that offers travel insurance on the supervising travel insurance producer's behalf. The register must include the name, address and contact information of the travel retailer and an officer or person who directs or controls the travel retailer's operations and the travel retailer's federal employer identification number. The supervising travel insurance producer shall submit the register to the superintendent upon request. The supervising travel insurance producer shall certify that the registered travel retailer complies with 18 United States Code, Section 1033. The grounds for suspension and revocation and the penalties applicable to insurance producers under section 1420‑K are applicable to supervising travel insurance producers and travel retailers.
3.
Designated responsible producer.
The supervising travel insurance producer shall designate one of its employees who is a licensed insurance producer under chapter 16, subchapter 2‑A as the designated responsible producer.
4.
License continuation or termination.
Each supervising travel insurance producer license issued under this chapter is subject to section 1416‑A.
5.
Fees.
The supervising travel insurance producer shall pay all applicable insurance producer licensing fees as set forth in section 601, subsection 31.
6.
Training.
The supervising travel insurance producer shall require each employee of the travel retailer whose duties include offering and disseminating travel insurance to receive a program of instruction or training, which may be subject to review and approval by the superintendent. The training material must, at a minimum, contain instructions on the types of insurance offered, ethical sales practices and required brochures or other written materials provided to prospective customers.
7.
Notice to the superintendent.
Any business entity acting as a supervising travel insurance producer without being specifically licensed as such in accordance with section 7053, subsection 1 shall provide notice to the superintendent of the following: