Loading chat...
MI HB4044
Bill
Status
11/20/2019
Primary Sponsor
Michele Hoitenga
Click for details
AI Summary
-
Amends requirements for obtaining a resident insurance producer license to require applicants be at least 18 years old, complete prelicensing coursework, pass required examinations, and pay applicable fees.
-
Expands grounds for license denial, suspension, or revocation to include felony convictions for violence, criminal sexual conduct, or financial crimes regardless of when conviction occurred, in addition to felonies within 10 years of application.
-
Requires business entities acting as insurance producers to designate an individual licensed producer responsible for compliance with Michigan insurance laws and regulations.
-
Takes effect May 21, 2020, with the act itself taking immediate effect upon enactment.
Legislative Description
Insurance: producers; license eligibility; modify. Amends secs. 1205 & 1239 of 1956 PA 218 (MCL 500.1205 & 500.1239).
Occupations: business licensing and registration
Last Action
Assigned Pa 124'19 With Immediate Effect
11/20/2019