Bureau of Insurance

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The Bureau of Insurance regulates the insurance industry for solvency and consumer protection. The bureau reviews examining and licensing procedures of insurance companies. It performs examinations and conducts audits. The bureau reviews rates and coverage forms. It educates consumers about their rights and responsibilities. The bureau is responsible for the enforcement of insurance laws and rules. It initiates investigations and holds hearings concerning possible infractions. The bureau maintains consumer health care, licensing, financial analysis and administrative services units. Its licensing unit is responsible for processing and maintaining permanent license records on producers and business entities. The Bureau of Insurance is governed by the Department of Professional and Financial Regulation, which offers licensing services to the residents of Maine.