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MI SB0378

Bill

Status

Engrossed

6/20/2024

Primary Sponsor

Samir Singh

Click for details

Origin

Senate

102nd Legislature

AI Summary

  • Allows insurance producers to carry over excess continuing education hours (maximum 12 hours) completed beyond the required 24 hours to the next 2-year license renewal period, effective after June 30, 2018.

  • Permits insurance producers to earn up to 4 credit hours toward the 24-hour continuing education requirement through active membership and participation in approved professional insurance associations, effective for review dates after December 31, 2024.

  • Requires professional insurance associations seeking to offer continuing education credit to be approved as providers by the director and must submit articles of incorporation; associations must certify member participation and dues-paying status.

  • Clarifies that ethics in insurance hours and duplicate coursework cannot be carried over to subsequent renewal periods, and association credits do not count toward the required 3 hours of ethics training.

  • Grants the director authority to approve any activity as continuing education credit toward the 24-hour requirement for review dates after December 31, 2024.

Legislative Description

Insurance: producers; continuing education credit carryover system for insurance producers who belong to a professional insurance association; provide for. Amends sec. 1204c of 1956 PA 218 (MCL 500.1204c).

Occupations: insurance

Last Action

Placed On Second Reading

12/11/2024

Committee Referrals

Insurance And Financial Services6/20/2024
Finance, Insurance, And Consumer Protection6/7/2023

Full Bill Text

No bill text available