Publication Date
2024-09-24
effective date
2024-12-16
jurisdiction
Maine Process Primary Name Updates
Updated November 6, 2024. The new effective date is December 13, 2024
Updated December 5, 2024. The new effective date is December 16, 2024

Effective November 15, 2024, Maine will begin offering a new transaction type to process individual and business entity primary name updates.
With this change, Maine isn't allowing the following license classes to submit primary name updates. Click below for the list:
\-         THIRD PARTY ADMINISTRATOR DOMESTIC
\-         THIRD PARTY ADMINISTRATOR FOREIGN
\-         REINSUR INTERMEDIARY BROKER NONRESIDENT
\-         REINSUR INTERMEDIARY BROKER RESIDENT
\-         REINSUR INTERMEDIARY MANAGER NONRESIDENT
\-         REINSUR INTERMEDIARY MANAGER RESIDENT
\-         SVC CONTRACT ADMIN DOMESTIC
\-         SVC CONTRACT ADMIN FOREIGN
\-         SVC CONTRACT PROVIDER DOMESTIC
\-         SVC CONTRACT PROVIDER FOREIGN
\-         VIATICLE PROVIDER DOMESTIC
\-         VIATICLE PROVIDER FOREIGN
\-         MANAGING GENERAL AGENT RESIDENT
\-         MANAGING GENERAL AGENT NONRESIDENT
\-         RISK PURCHASING GROUP DOMESTIC
\-         RISK PURCHASING GROUP FOREIGN
\-         WC INDIVIDUAL SELF INSURERS
\-         WORKER'S COMP GROUP SELF-INSUR
\-         CONT. CARE RETIREMENT COM DOMESTIC
\-         CONT. CARE RETIREMENT COM FOREIGN
\-         CAPTIVE INSURER
\-         MULTIPLE EMP. WELFARE DOMESTIC

AgentSync Actions
Our compliance experts are constantly searching for and analyzing industry updates. Their findings are then recorded in the Regulatory Updates section of the Compliance Library to explain how the update impacts the insurance industry. If a change impacts an AgentSync product, this will be highlighted to inform you that the product is being updated to ensure you remain in compliance.
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This update has been reviewed by AgentSync compliance experts for industry impact and necessary automation in the AgentSync platform.
categories
Licensing

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