Maine Revising Pet Insurance Producer Requirements
Effective October 19, 2023, Maine has revised Pet Insurance Producer requirements for Residents and Non Residents.
Producers who sell, solicit, or negotiate pet insurance products are subject to the requirements below.
a. A producer must be appropriately licensed and complete training covering the following topics:
I. preexisting conditions and waiting periods;
II. the differences between pet insurance and
noninsurance wellness programs;
III. hereditary disorders, congenital anomalies or
disorders and chronic conditions and how pet
insurance policies interact with those conditions or
IV. rating, underwriting, renewal, and other related
b. An insurer must ensure that any producer holding an appointment has been appropriately trained on the features of any pet insurance product offered by the producer.
c. A person licensed in any of the following lines of authority may sell, solicit, and negotiate pet insurance:
II. accident and health or sickness; or
III. personal lines.
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
AgentSync product, this will be highlighted to inform you that the product is being
updated to ensure you remain in compliance.