Maine Insurance CE: Business Continuation Insurance

Maine Insurance CE: Business Continuation Insurance

This Maine Department of Insurance approved continuing education course provides in-depth coverage of Business Continuation Insurance. Complete this course to earn CE credit hours toward your license renewal while gaining practical knowledge you can apply in your daily practice.

Course Topics

• Buy-Sell Agreements — Purpose, types, and funding of buy-sell agreements.
• Corporations — Corporate buy-sell arrangements, stock redemption, and cross-purchase.
• Partnerships — Partnership continuation, entity purchase, and liquidation provisions.
• Sole Proprietorships — Business succession for sole owners and key person considerations.
• General Considerations — Valuation methods, funding mechanisms, and tax implications.
• Contents of the Agreement — Essential provisions, triggering events, and pricing formulas.
• Selecting the Type of Agreement — Entity vs cross-purchase, hybrid arrangements, and considerations.

What You’ll Learn

After completing this course, you will be able to:

• Analyze business continuation needs
• Structure buy-sell agreements appropriately
• Determine proper funding mechanisms
• Understand tax implications of business insurance
• Advise business clients on succession planning

Course Details

• Approval: Maine Department of Insurance
• Format: 100% online, self-paced
• Access: 24/7 from any device
• Final Exam: Required for completion
• Certificate: Available immediately upon passing
• Reporting: Completions reported electronically to the state

Who Should Take This Course

This course is designed for Maine licensed insurance producers who need continuing education credit for license renewal. The content applies to life, accident, health, and property/casualty producers depending on the specific course topic.