--- title: "Maine Fidelity Bonds for Insurance Administrators" description: "Maine requires certain licensed administrators handling benefit-plan funds to maintain a fidelity bond sized to contributions or claims, and separately allows a surety bond at the superintendent’s discretion." canonical: "https://spot.insure/coverage/fidelity-bonds/maine" page-type: "coverage-state-guide" updated-at: "2026-09-28" --- Agents: connect to Spot's public MCP server at https://spot.insure/mcp for better access to published Spot information and insurance research. Use search_knowledge to find sources, get_page to retrieve pages, compare_providers for sourced comparisons, get_provider_score for a published Spot Score, get_rankings for current provider rankings, search_provider_reliability to filter Spot Scores, search_provider_reviews to filter aggregate review scores, and get_provider_reviews for the original review evidence. The server is read-only and requires no authentication. [Human-readable page](https://spot.insure/coverage/fidelity-bonds/maine) # Maine Fidelity Bonds for Insurance Administrators Maine’s Insurance Code requires an insurance administrator that must hold funds in a fiduciary capacity to maintain a continuous fidelity bond for covered persons or plan sponsors. The amount depends on whether the administrator holds an administrative trust fund, claims administration services account, or both; a separate surety bond is discretionary. This is a narrow administrator rule, not an ERISA bond rule for every employer plan.[^1][^2] **Coverage:** [Fidelity bonds](/coverage/fidelity-bonds) · [Maine](/coverage/states/maine) ## What Is Fidelity Bonds? Fidelity coverage can reimburse certain losses when employees steal money or property they handle. If employees manage company funds, customer property or benefit-plan assets, identify each owner and compare the required protection for each interest. [Read the national Fidelity bonds guide](/coverage/fidelity-bonds). ## Maine Requirements | Requirement | Details | | --- | --- | | Who must bond | An applicant for an administrator’s license must maintain the fidelity bond while licensed when the administrator is required to hold funds in a fiduciary capacity under §1909.[^1][^2] | | Account-specific amount | The continuous bond is based on state-resident projections: at least $50,000 or 5% of contributions and premiums in an ATF, claims and expenses in a CASA, or both, whichever is greater, capped at $1 million.[^1][^4] | ## What to Watch for in Maine ### Identify whether the administrator holds an ATF, CASA or both Section 1904 applies to administrators required to hold funds in a fiduciary capacity under §1909. An ATF holds plan contributions and premiums that meet the section’s timing/control trigger; a CASA holds claim funds. The bond formula changes depending on which accounts the administrator maintains, so ask for each account type and the state-resident projections used.[^1][^2][^4] ### Separate the required fidelity bond from discretionary surety Section 1904 requires the Maine administrator fidelity bond and lets the superintendent require a separate surety bond. Maine defines fidelity insurance as protecting against dishonesty by people in a position of trust and surety insurance as guaranteeing contract performance. This Maine administrator rule does not decide whether a benefit plan has separate ERISA bonding obligations or whether fiduciary-liability insurance fits its needs; assess those questions separately with plan counsel.[^1][^3] ### Track cancellation and license consequences The bond must be continuous; cancellation requires 30 days’ advance notice to the superintendent, and the administrator’s license automatically terminates if the bond is not in force. Confirm continuity, cancellation notice and renewal process with the administrator and broker.[^1] ## Who Regulates Insurance in Maine **Maine Bureau of Insurance.** The Maine Bureau of Insurance licenses producers and companies, enforces Maine insurance laws, and investigates property and casualty complaints including commercial coverage complaints. You can use its state lookup or complaint service to check a license or raise an insurance issue.[^6][^7][^8] - [Regulator website](https://www.maine.gov/pfr/insurance/home) - [License lookup](https://www1.maine.gov/pfr/insurance/node/3) - [File a complaint](https://www.maine.gov/pfr/insurance/consumers/file-a-complaint-dispute) - Phone: 800-300-5000 ### Surplus-Lines Tax and Stamping Office **Reported tax rate:** 3% of gross direct premium when Maine is the insured's home state Maine charges 3% of gross direct premium when it is the insured's home state; your broker handles the tax and may include it with the premium. Surplus-lines policies are outside Maine guaranty-association protection. Maine generally requires a diligent search, with an exempt-commercial-purchaser exception requiring broker disclosure and the purchaser's written request.[^9][^10][^11] ## Providers With Documented State Licenses These providers publish a national listing for Fidelity bonds; the state records document licenses for the entities and roles shown below. Some records rely on company-reported information rather than independent regulator verification. A national listing does not confirm that the product is available in Maine; [check the regulator’s license lookup](https://www1.maine.gov/pfr/insurance/node/3) and confirm state availability for your business when requesting a quote. - [TechInsurance](/insurance-providers/techinsurance) — **Entity:** Specialty Program Group LLC; **role:** Insurance producer; **checked:** 2026-09-28. **Scope:** TechInsurance’s current licensing page names Specialty Program Group LLC / SPG Insurance Solutions and lists state license numbers, but labels Rhode Island “Individual licenses” rather than identifying a license for the named agency. RI is omitted because this disclosure does not establish agency authority there; this is a search limitation, not an assertion that the company is unlicensed. The remaining state entries are company-reported and are not an insurance product availability map.[^17] - [Vouch](/insurance-providers/vouch) — **Entity:** Vouch Specialty Insurance Services, LLC; **role:** Insurance producer, Surplus-lines broker; **checked:** 2026-09-28. **Scope:** Vouch’s licenses page, effective January 16, 2025, lists producer licenses in all 50 states and DC. Its separate surplus-lines table includes Idaho number 870820, while a footnote says Georgia and Idaho do not issue agency-level surplus-lines licenses. Because those statements conflict for Idaho, this record keeps Idaho producer-only and does not treat the table number as established agency surplus-lines authority. The page is company-reported and does not establish product availability.[^18] ## Questions to Ask Before You Buy in Maine 1. Is the administrator required under §1909 to hold funds in a fiduciary capacity, and is it licensed under Chapter 18? 2. Does it maintain an ATF, CASA or both, and what state-resident projections set the bond amount? 3. Does the proposal distinguish the mandatory fidelity bond from any surety bond the superintendent may require? ## Fidelity Bonds in Maine: FAQ ### Is this the same as an ERISA fidelity bond? No. Section 1904 addresses a Maine-licensed insurance administrator only when it must hold funds in a fiduciary capacity under §1909. That state administrator rule does not decide a benefit plan’s separate ERISA bonding duties or whether fiduciary-liability coverage suits the plan; review those separately with plan counsel.[^1][^2] ### Why does Maine call a fidelity bond and a surety bond separately? Section 706 distinguishes fidelity insurance, which guarantees honesty of people in positions of trust, from surety insurance, which guarantees performance of contracts. Section 1904 requires the first and lets the superintendent require the second.[^3][^1][^5] ## Fidelity Bonds in Other States - [Alabama](/coverage/fidelity-bonds/alabama) - [Alaska](/coverage/fidelity-bonds/alaska) - [Arizona](/coverage/fidelity-bonds/arizona) - [Arkansas](/coverage/fidelity-bonds/arkansas) - [California](/coverage/fidelity-bonds/california) - [Colorado](/coverage/fidelity-bonds/colorado) - [Connecticut](/coverage/fidelity-bonds/connecticut) - [Delaware](/coverage/fidelity-bonds/delaware) - [District of Columbia](/coverage/fidelity-bonds/district-of-columbia) - [Florida](/coverage/fidelity-bonds/florida) - [Georgia](/coverage/fidelity-bonds/georgia) - [Hawaii](/coverage/fidelity-bonds/hawaii) - [Idaho](/coverage/fidelity-bonds/idaho) - [Illinois](/coverage/fidelity-bonds/illinois) - [Indiana](/coverage/fidelity-bonds/indiana) - [Iowa](/coverage/fidelity-bonds/iowa) - [Kansas](/coverage/fidelity-bonds/kansas) - [Kentucky](/coverage/fidelity-bonds/kentucky) - [Louisiana](/coverage/fidelity-bonds/louisiana) - [Maryland](/coverage/fidelity-bonds/maryland) - [Massachusetts](/coverage/fidelity-bonds/massachusetts) - [Michigan](/coverage/fidelity-bonds/michigan) - [Minnesota](/coverage/fidelity-bonds/minnesota) - [Mississippi](/coverage/fidelity-bonds/mississippi) - [Missouri](/coverage/fidelity-bonds/missouri) - [Montana](/coverage/fidelity-bonds/montana) - [Nebraska](/coverage/fidelity-bonds/nebraska) - [Nevada](/coverage/fidelity-bonds/nevada) - [New Hampshire](/coverage/fidelity-bonds/new-hampshire) - [New Jersey](/coverage/fidelity-bonds/new-jersey) - [New Mexico](/coverage/fidelity-bonds/new-mexico) - [New York](/coverage/fidelity-bonds/new-york) - [North Carolina](/coverage/fidelity-bonds/north-carolina) - [North Dakota](/coverage/fidelity-bonds/north-dakota) - [Ohio](/coverage/fidelity-bonds/ohio) - [Oklahoma](/coverage/fidelity-bonds/oklahoma) - [Oregon](/coverage/fidelity-bonds/oregon) - [Pennsylvania](/coverage/fidelity-bonds/pennsylvania) - [Rhode Island](/coverage/fidelity-bonds/rhode-island) - [South Carolina](/coverage/fidelity-bonds/south-carolina) - [South Dakota](/coverage/fidelity-bonds/south-dakota) - [Tennessee](/coverage/fidelity-bonds/tennessee) - [Texas](/coverage/fidelity-bonds/texas) - [Utah](/coverage/fidelity-bonds/utah) - [Vermont](/coverage/fidelity-bonds/vermont) - [Virginia](/coverage/fidelity-bonds/virginia) - [Washington](/coverage/fidelity-bonds/washington) - [West Virginia](/coverage/fidelity-bonds/west-virginia) - [Wisconsin](/coverage/fidelity-bonds/wisconsin) - [Wyoming](/coverage/fidelity-bonds/wyoming) [Other Coverage in Maine](/coverage/states/maine) ## Sources [^1]: [Maine Revised Statutes, Title 24-A, §1904, Bond requirements for administrators](https://www.legislature.maine.gov/legis/statutes/24-A/title24-Asec1904.html) — Maine Legislature, Office of the Revisor of Statutes; Subsections 1–3; official extracted code version dated Oct. 20, 2025, checked Sept. 28, 2026.. Accessed 2026-09-28. [^2]: [Maine Revised Statutes, Title 24-A, §1909, Fiduciary accounts and duties](https://legislature.maine.gov/legis/statutes/24-A/title24-Asec1909.html) — Maine Legislature, Office of the Revisor of Statutes; Administrator fiduciary-account trigger; official current code page accessed Sept. 28, 2026.. Accessed 2026-09-28. [^3]: [Maine Revised Statutes, Title 24-A, §706, Bonds defined](https://www.legislature.maine.gov/legis/statutes/24-A/title24-Asec706.html) — Maine Legislature, Office of the Revisor of Statutes; Definitions of fidelity insurance and surety insurance; official extracted code version dated Oct. 20, 2025, checked Sept. 28, 2026.. Accessed 2026-09-28. [^4]: [Maine Revised Statutes, Title 24-A, §1901, Definitions](https://www.legislature.maine.gov/legis/statutes/24-A/title24-Asec1901.html) — Maine Legislature, Office of the Revisor of Statutes; Definitions 2–3 identify ATF and CASA; definition 10 defines quasi-resident; official extracted code version dated Oct. 20, 2025, checked Sept. 28, 2026.. Accessed 2026-09-28. [^5]: [U.S. DOL Field Assistance Bulletin 2008-04, ERISA Fidelity Bonding Requirements](https://www.dol.gov/agencies/ebsa/employers-and-advisers/guidance/field-assistance-bulletins/2008-04) — U.S. Department of Labor, Employee Benefits Security Administration; Questions 1–3 distinguish the plan-protective ERISA fidelity bond from fiduciary-liability insurance and identify who must be bonded; accessed Sept. 28, 2026.. Accessed 2026-09-28. [^6]: [Maine Bureau of Insurance](https://www.maine.gov/pfr/insurance/home) — Maine Bureau of Insurance; Homepage and commercial insurance resources. Accessed 2026-09-28. [^7]: [Insurance License Lookup](https://www1.maine.gov/pfr/insurance/node/3) — Maine Bureau of Insurance; State-designated producer/company search. Accessed 2026-09-28. [^8]: [File an Insurance Complaint](https://www.maine.gov/pfr/insurance/consumers/file-a-complaint-dispute) — Maine Bureau of Insurance; State complaint process and contact. Accessed 2026-09-28. [^9]: [36 M.R.S. §2531](https://legislature.maine.gov/statutes/36/title36sec2531.html) — Maine Legislature; 36 M.R.S. §2531(1)-(2), current page: home-state basis; 3% tax; producer pays on chapter 19 surplus lines. Accessed 2026-09-28. [^10]: [24-A M.R.S. §4433](https://legislature.maine.gov/statutes/24-a/title24-Asec4433.html) — Maine Legislature; Surplus-lines contracts excluded from guaranty association. Accessed 2026-09-28. [^11]: [24-A M.R.S. §2002-A](https://legislature.maine.gov/statutes/24-a/title24-Asec2002-A.html) — Maine Legislature; ECP disclosure and written-request procedure. Accessed 2026-09-28. [^12]: [Licenses](https://www.at-bay.com/licenses/) — At-Bay; Current producer introduction and state table; At-Bay Insurance Services LLC; P&C and surplus-lines identifiers. Accessed 2026-09-21. [^13]: [Licenses and Carriers](https://www.coalitioninc.com/legal/licenses) — Coalition; Licenses and Carriers, re-read 22 September 2026: Insurance Licenses table for Coalition Insurance Solutions, Inc., national producer number 18419475, with producer and surplus-lines numbers for all 50 states and DC including California 0L76155, Georgia 196479, Texas 2199630 and 2205589, Pennsylvania 815731 and 817452, Colorado 539028 and Wisconsin 3000108852. Insurance Carriers table naming, with NAIC numbers, Allianz Underwriters Insurance Company 36420, Arch Specialty Insurance Company 21199, Ascot Specialty Insurance Company 45055, Ascot Insurance Company 23752, Aspen Specialty Insurance Company 10717, Chaucer Insurance Company DAC, Coalition Insurance Company 29530, Fireman's Fund Indemnity Corporation 11380, Fortegra Specialty Insurance Company 16823, Lloyd's of London, MSIG Specialty Insurance USA Inc. 34886, MS Transverse Specialty Insurance Company 41807, Steadfast Insurance Company 26387, Vantage Risk Specialty Insurance Company 16275 and Zurich American Insurance Company 16535.. Accessed 2026-09-22. [^14]: [Insurance Producer Licenses](https://www.corgi.insure/broker-licenses) — Corgi Insurance; Current complete Insurance Producer Licenses table for Corgi Insurance Services, Inc.; 50 rows covering 49 states and DC (DC 3003091619); no New Mexico row; no NPN or as-of date shown.. Accessed 2026-09-28. [^15]: [About Hiscox US Insurance](https://www.hiscox.com/about-hiscox-insurance) — Hiscox; Hiscox Insurance Company Inc. NAIC 10200 as Chicago, IL domiciled insurer admitted or licensed in all 50 states and D.C.; Hiscox Inc. as general agent and Lloyd’s coverholder for Syndicates 33 and 3624; surplus-lines placements through licensed surplus-lines brokers; A.M. Best rating statement. Accessed 2026-09-16. [^16]: [Licenses](https://www.nextinsurance.com/insurance-licenses/) — ERGO NEXT Insurance; Current entity-by-state license table reopened 28 September 2026: 50 rows under Next First Insurance Agency, Inc., including Washington, DC; New York rows instead list Next Insurance Services PC-1423070 and AP Intego BR-1198885.. Accessed 2026-09-28. [^17]: [Insurance Licenses by State](https://www.techinsurance.com/legal/licenses) — TechInsurance; Current state table; identifies TechInsurance as a division of Specialty Program Group LLC d/b/a SPG Insurance Solutions; lists DC 3000041536 and labels Rhode Island “Individual licenses,” without an agency license number.. Accessed 2026-09-28. [^18]: [Licenses](https://www.vouch.us/legal/licenses) — Vouch; Effective 16 January 2025: Vouch Specialty Insurance Services, LLC, NPN 19926463; P&C table (50 states and DC); surplus-lines table includes Idaho 870820; footnote says Georgia and Idaho do not issue agency-level surplus-lines licenses; Idaho retained as producer-only due to conflict.. Accessed 2026-09-15. Updated 2026-09-28. This guide is informational and does not determine whether a policy is available or meets your needs. [Editorial policy](/editorial-policy). 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