# 24-A M.R.S. § 1905: 24-A §1905. License

> Maine · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_ME_T24-A_C18_S1905

## Section

- **Citation:** 24-A M.R.S. § 1905
- **Heading:** 24-A §1905. License
- **Jurisdiction:** Maine
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** ME Code / Title 24-A / Chapter 18 / Section 1905

## Text

1. Upon receipt of a complete application for an administrator license, the superintendent shall investigate, to the extent the superintendent considers advisable, the applicant's experience, background and fitness for the license. The superintendent may obtain a credit and investigative report relative to the applicant from a recognized and established independent investigation and reporting agency. The superintendent may establish from time to time a reasonable uniform flat amount that the applicant must pay for the report. The report cost must be included with the application. The contents of the report are confidential. [PL 1989, c. 846, Pt. D, §2 (NEW); PL 1989, c. 846, Pt. E, §4 (AFF).]

2. If the superintendent finds that the applicant is qualified for an administrator license, the superintendent shall promptly issue the license, which identifies the types of business in which the applicant may engage; otherwise the superintendent shall refuse to issue the license and promptly notify the applicant. [PL 2003, c. 469, Pt. E, §6 (AMD).]

3. Sections 1417 and 1418 apply to licenses issued under this chapter. [PL 1997, c. 457, §29 (AMD); PL 1997, c. 457, §55 (AFF).]

4. Unless revoked or suspended under section 1907 , an administrator license remains in effect as long as the holder of the license maintains in force and effect the bond required by section 1904 and pays the annual fee required by section 601 before the anniversary date of the license. [PL 1989, c. 846, Pt. D, §2 (NEW); PL 1989, c. 846, Pt. E, §4 (AFF).]

5. An administrator shall submit an application to amend its license if the administrator desires to amend the types of business on its then-current license. [PL 2003, c. 469, Pt. E, §7 (NEW).]

## Nearby sections

- [24-A M.R.S. § 1901 24-A §1901. Definitions](https://www.frixlaw.com/law-library/statutes/STATE_ME_T24-A_C18_S1901.md)
- [24-A M.R.S. § 1902 24-A §1902. License required](https://www.frixlaw.com/law-library/statutes/STATE_ME_T24-A_C18_S1902.md)
- [24-A M.R.S. § 1903 24-A §1903. Application](https://www.frixlaw.com/law-library/statutes/STATE_ME_T24-A_C18_S1903.md)
- [24-A M.R.S. § 1904 24-A §1904. Bond requirements for administrators](https://www.frixlaw.com/law-library/statutes/STATE_ME_T24-A_C18_S1904.md)
- [24-A M.R.S. § 1905 24-A §1905. License](https://www.frixlaw.com/law-library/statutes/STATE_ME_T24-A_C18_S1905.md)
- [24-A M.R.S. § 1906 24-A §1906. Administrator requirements](https://www.frixlaw.com/law-library/statutes/STATE_ME_T24-A_C18_S1906.md)
- [24-A M.R.S. § 1907 24-A §1907. License suspension, revocation or denial](https://www.frixlaw.com/law-library/statutes/STATE_ME_T24-A_C18_S1907.md)
- [24-A M.R.S. § 1908 24-A §1908. Criminal convictions](https://www.frixlaw.com/law-library/statutes/STATE_ME_T24-A_C18_S1908.md)
- [24-A M.R.S. § 1909 24-A §1909. Fiduciary accounts and duties](https://www.frixlaw.com/law-library/statutes/STATE_ME_T24-A_C18_S1909.md)
- [24-A M.R.S. § 1910 24-A §1910. Unauthorized activities](https://www.frixlaw.com/law-library/statutes/STATE_ME_T24-A_C18_S1910.md)
- [24-A M.R.S. § 1911 24-A §1911. Audits and examinations](https://www.frixlaw.com/law-library/statutes/STATE_ME_T24-A_C18_S1911.md)
- [24-A M.R.S. § 1912 24-A §1912. Standardized claim forms](https://www.frixlaw.com/law-library/statutes/STATE_ME_T24-A_C18_S1912.md)
- [24-A M.R.S. § 1914 24-A §1914. Plan sponsor access to claims data; right to audit](https://www.frixlaw.com/law-library/statutes/STATE_ME_T24-A_C18_S1914.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_ME_T24-A_C18_S1905. Check the current official text before relying on it. Not legal advice.