Maine Property & Casualty Insurance Exam 2026

Welcome to your FREE Maine Property & Casualty (P&C) Insurance exam preparation guide. This comprehensive study resource covers Maine-specific insurance laws, regulations, and requirements you need to pass your state licensing exam.

Note: This guide covers Maine state-specific content. You should also study national Property & Casualty insurance concepts, as approximately 73% of the exam tests general insurance knowledge.

Why Get Licensed in Maine?

Maine offers unique opportunities in the Property & Casualty insurance market:

• Coastal Insurance Market: Significant demand for coastal property and hurricane coverage
• Winter Weather Expertise: Strong market for snow/ice damage and winter peril insurance
• Vacation Home Market: Growing second-home insurance opportunities in coastal and mountain regions
• No Pre-License Education: Lower barrier to entry compared to many states
• Rural & Urban Mix: Diverse insurance needs from Portland metro to rural communities
• Four-Season Risks: Unique property insurance challenges including coastal storms and harsh winters

What This Guide Covers

This FREE study guide includes:

✓ Maine Insurance Law & Regulations - Bureau of Insurance, Superintendent authority, producer licensing ✓ Property Insurance - Homeowners, coastal property, winter weather perils, vacation homes ✓ Auto & Casualty Insurance - Maine's 50/100/25 liability requirements, UM/UIM coverage ✓ Maine-Specific Topics - Coastal risks, winter weather, vacation property considerations ✓ Practice Questions - Quiz questions in each chapter to test your knowledge

Exam Format & Requirements

Exam Structure

Exam Costs (2026)

• P&C Exam Fee: $49 (paid to Pearson VUE)
• Fingerprinting/Background Check: Approximately $60 (if required through IdentoGO)
• License Application Fee: $100 (2-year license)
• Total Initial Cost: $149-209

Pre-License Education

Maine has NO mandatory pre-license education requirement for Property & Casualty insurance. However, most successful candidates spend 40-60 hours studying exam content and taking practice tests.

Exam Tip: While Maine doesn't require pre-license courses, the exam is comprehensive. Plan to study both national P&C concepts AND Maine-specific laws thoroughly.

Exam Content Areas

National Content (73% of exam - 110 questions)

The national portion covers general P&C insurance principles:

1. General Insurance Principles (15-20%)

   • Risk and insurance fundamentals
   • Policy structure and provisions
   • Insurable interest and indemnity
   • Insurance companies and operations

2. Property Insurance (25-30%)

   • Homeowners policies (HO-2, HO-3, HO-4, HO-6, HO-8)
   • Dwelling policies (DP-1, DP-2, DP-3)
   • Commercial property (BPP, BOP)
   • Inland marine and personal articles

3. Casualty Insurance (25-30%)

   • Auto insurance coverage types
   • General liability insurance
   • Commercial liability policies
   • Workers' compensation basics

4. Other Insurance Lines (20-25%)

   • Professional liability
   • Commercial lines overview
   • Bonds and surety
   • Risk management

Maine State Content (27% of exam - 40 questions)

The Maine-specific portion covers:

1. Maine Insurance Regulations (30-35% of state portion)

   • Maine Bureau of Insurance (Department of Professional and Financial Regulation)
   • Superintendent appointment and authority
   • Producer licensing requirements
   • Continuing education (24 CE hours/2 years with 3 hours ethics)

2. Maine-Specific Insurance Laws (25-30% of state portion)

   • Maine Revised Statutes Title 24-A (Insurance Code)
   • Unfair trade practices and prohibited conduct
   • Producer responsibilities and duties
   • Consumer protection laws

3. Maine Auto Insurance Requirements (20-25% of state portion)

   • Minimum liability: 50/100/25
   • Uninsured/underinsured motorist (UM/UIM) requirements
   • Medical payments coverage ($2,000 minimum required)
   • Financial responsibility law

4. Maine Property & Casualty Provisions (15-20% of state portion)

   • Maine Insurance Guaranty Association
   • Policy cancellation and non-renewal rules
   • Coastal property considerations
   • State-mandated disclosures

How to Use This Study Guide

Recommended Study Plan

Week 1-2: General Insurance & Property

• Study general insurance principles and property insurance
• Focus on policy types, coverage, and exclusions
• Complete all practice questions
• Review key takeaways and summaries

Week 3-4: Casualty & Auto Insurance

• Study casualty insurance and auto coverage
• Master liability concepts and workers' compensation
• Complete all practice questions
• Understand claims processes

Week 5: Maine State-Specific Content

• Deep dive into Maine regulations and laws
• Focus on Bureau of Insurance and Superintendent authority
• Master Maine auto insurance minimums (50/100/25 + UM/UIM + Med Pay)
• Study Maine coastal and winter weather insurance considerations

Week 6: Review & Practice

• Review all key takeaways
• Retake practice questions
• Take full-length practice exams
• Focus on weak areas

Study Tips

1. Master Maine-Specific Laws: 27% of your exam tests Maine law—don't underestimate this portion
2. Know National Concepts First: Build strong foundation in general P&C insurance principles
3. Understand Maine Auto Requirements: Know the 50/100/25 liability minimums PLUS UM/UIM and Med Pay requirements
4. Learn Coastal & Winter Risks: Maine-specific property insurance challenges appear frequently
5. Focus on Regulatory Details: Bureau of Insurance processes and Superintendent authority are tested
6. Practice with Questions: Use the quiz questions throughout this guide to test your knowledge

Taking the Exam

Scheduling Your Exam

1. Register with Pearson VUE: Visit pearsonvue.com/me/insurance or call 1-888-204-6272
2. Create Account: Set up a Pearson VUE account online
3. Select Exam: Choose "Property and Casualty" exam
4. Choose Testing Option: In-person at testing center or online (if eligible)
5. Pay Exam Fee: $49 exam fee

Before the Exam

Required:

• Valid government-issued photo ID (driver's license or passport)
• Confirmation number from Pearson VUE

Not Allowed:

• Phones, calculators, or reference materials
• Watches or electronic devices
• Notes or study materials

Provided:

• Scratch paper or dry-erase board
• Calculator (on-screen if needed)

On Exam Day

Arrive 15-30 minutes early to complete check-in procedures.

Testing Center Rules:

• Photo taken at check-in
• Personal belongings stored in locker
• No breaks during 3-hour exam period
• Results provided immediately after completing exam

After Passing the Exam

Next Steps:

1. Submit License Application: Apply through Sircon online ($100 for 2-year license)
2. Complete Background Check: Maine may require fingerprinting through IdentoGO
3. Receive License: Maine Bureau of Insurance reviews and issues license
4. Get Appointed: Obtain company appointments to sell insurance products
5. Complete CE Requirements: 24 hours of approved CE every 2 years (3 hours must be ethics)

If You Don't Pass

• Wait Time: You can retake the exam 24 hours after a failed attempt
• Retake Fee: Full $49 exam fee required for each attempt
• No Limit: Maine has no limit on retake attempts
• Study More: Review weak areas and focus on sections where you scored lowest
• Score Report: Review your score breakdown to identify improvement areas

Maine Bureau of Insurance

The Maine Bureau of Insurance regulates the P&C insurance industry:

Maine Bureau of Insurance Contact:

• Website: maine.gov/pfr/insurance
• Phone: (207) 624-8475 (Consumer Assistance)
• Toll-Free: 1-800-300-5000 (in Maine)
• Email: insurance.pfr@maine.gov
• Address: 34 State House Station, Augusta, ME 04333

Maine Insurance Market Overview

Unique Maine Characteristics

Coastal Property Risks:

• Hurricane and tropical storm exposure
• Coastal flooding and storm surge
• Wind and hail damage
• Saltwater corrosion
• High-value vacation homes

Winter Weather Perils:

• Heavy snow accumulation (roof collapse)
• Ice dam damage
• Frozen pipe bursts
• Extreme cold (down to -20°F or lower)
• Nor'easter storms

Vacation Home Market:

• Significant second-home/seasonal property market
• Coastal and mountain vacation properties
• Special insurance considerations for unoccupied properties
• Seasonal occupancy issues

Maine Demographics:

• Rural population with longer emergency response times
• Aging housing stock
• Significant wood frame construction
• Oil and wood heating systems common
• Limited public water/sewer in rural areas

Ready to Start?

Let's dive into Chapter 1: Maine P&C Insurance Regulation & Licensing to begin your exam preparation!

Remember: This content is 100% FREE. Use AI assistance whenever you get stuck—click "Ask AI" buttons throughout this guide or use the floating AI helper at the bottom right of your screen.

Important Resources

Official Maine Resources

• Maine Bureau of Insurance
• Maine Revised Statutes - Title 24-A
• Pearson VUE Maine Insurance Testing

Study Resources

• Maine Producer Licensing Guide
• Maine Insurance Guaranty Association
• This FREE study guide (you're reading it!)

After Licensing

• Sircon (License Application)
• IdentoGO (Fingerprinting - if required)
• Maine CE Requirements