Sec. 1. 24-A MRSA c. 16 is amended by repealing the chapter headnote and enacting the following in its place:

CHAPTER 16

PRODUCERS, ADJUSTERS AND CONSULTANTS

Sec. 2. 24-A MRSA §1401, sub-§1, as enacted by PL 1997, c. 457, §23 and affected by §55, is amended to read:

1. Producers, consultants and adjusters. This chapter governs the qualifications, licensing and general requirements for producers, consultants and adjusters as to any and all kinds of insurance and types of insurers, nonprofit hospital or medical service organizations, health maintenance organizations and, fraternal benefit societies, viatical settlement providers and risk retention groups, except reinsurers.

Sec. 3. 24-A MRSA §1402, sub-§3, as amended by PL 1997, c. 592, §19, is repealed.

Sec. 4. 24-A MRSA §1402, sub-§3-A is enacted to read:

3-A. Business entity.__"Business entity" means a corporation, association, partnership, limited liability company, limited liability partnership or other legal entity.

Sec. 5. 24-A MRSA §1402, sub-§5, as amended by PL 1997, c. 592, §19, is repealed and the following enacted in its place:

5.__Insurance producer.__"Insurance producer" means a person required to be licensed under subchapter II-A to sell, solicit or negotiate insurance.

Sec. 6. 24-A MRSA §1402, sub-§6, as enacted by PL 1997, c. 457, §23 and affected by §55, is repealed.

Sec. 7. 24-A MRSA §1402, sub-§9, as amended by PL 1999, c. 270, §§1 and 2, is repealed.

Sec. 8. 24-A MRSA §1402, sub-§12, śC, as enacted by PL 1997, c. 457, §23 and affected by §55, is amended to read:

C. An agency A business entity either incorporated in this State or having its principal place of business in this State that is not licensed as a resident agency business entity elsewhere.