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Textbook
1. General Insurance Concepts
2. Producer Roles and Receipt Types
3. Principles of Life Insurance
4. Underwriting
5. Term Life Insurance
6. Whole Life Insurance
7. Variable Insurance Products
8. Group Life Insurance
9. Life Insurance Provisions
10. Annuities
11. Taxation of Life Insurance Products
12. Qualified Retirement Plans
13. Health Insurance Basics
14. Required Policy Provisions
15. Optional Policy Provisions
16. Medical Expense Insurance
17. Group Health Insurance
18. The Affordable Care Act (ACA)
19. Disability Income Insurance
20. Accidental Death and Dismemberment Insurance
21. Long Term Care Insurance
22. Dental Insurance
23. Section 125 Plans and Limited Policies
24. Federal Government Programs
25. Medigap and Medicaid
26. Health Insurance Taxation
Wrapping Up
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Achievable Life & Health
51. Michigan Insurance Ethics & Law

Producer Licensing & Conduct

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Overview & Purpose

Chapter 12 of the Michigan Insurance Code governs who must be licensed as an insurance producer in Michigan, what qualifications are required, and what standards of conduct must be maintained throughout a producer’s career. This chapter applies equally to property and casualty producers and to life and health producers.

Who Needs a License

Any person who sells, solicits, or negotiates insurance in Michigan must hold a valid producer license issued by the Director of the Department of Insurance and Financial Services (DIFS). The law defines “negotiate” broadly — even advising a prospective buyer on coverage terms or conditions triggers the licensing requirement.

Certain individuals are exempt, including salaried employees of insurers who perform only clerical, administrative, or underwriting functions and do not receive commissions, as well as adjusters and special agents who provide only technical assistance to licensed producers.

Key Distinction: A person who merely hands out applications without explaining coverage is not required to have a license. But the moment they answer questions about coverage or recommend a policy, they are engaging in solicitation and must be licensed.

License Types and Lines of Authority

A producer license is issued for specific lines of authority. A licensee may hold authority in one or more of the following lines:

  • Life
  • Accident & Health or Sickness
  • Property
  • Casualty
  • Personal Lines
  • Variable Life & Variable Annuity
  • Limited lines (credit, travel, title insurance)

Holding a license in one line does not automatically authorize a producer to transact business in another.

Pre-Licensing Education Requirements

Before a resident individual may sit for the licensing examination, they must complete a registered pre-licensing program of study. Minimum instructional hours by program type:

  • Property: 20 hours
  • Casualty: 20 hours
  • Life: 20 hours
  • Accident & Health: 20 hours
  • Combined Life & A/H: 40 hours

Ethics Requirement

Of the required hours, Michigan law mandates that at least 6 hours cover professional ethics and specific chapters of the Michigan Insurance Code. This course satisfies that 6-hour requirement under Michigan Administrative Code R 500.3 and R 500.4.

Appointment and Termination

Once licensed, a producer must be appointed by the insurer(s) on whose behalf they transact business before they may legally bind coverage. Insurers must file appointment and termination notices with DIFS within 30 days.

When an insurer terminates a producer for cause — including fraud, dishonesty, or violation of insurance laws — the insurer is required to report the grounds to the Director. Producers have the right to request a hearing to contest such a report.

License Maintenance and Continuing Education

Producer licenses must be renewed every two years. Renewal requires:

  • Completion of 24 hours of approved continuing education per 2-year cycle
  • At least 3 of those 24 hours must be in insurance ethics
  • Hours may be completed through classroom instruction, home study, or approved online training

Producers who fail to meet CE requirements before their review date enter a 90-day grace period, during which they may service existing policies but may not sell, solicit, or bind new coverage. Failure to cure the deficiency within the grace period results in license cancellation.

Grounds for Denial, Suspension, or Revocation

The Director may deny, suspend, revoke, or refuse to renew a license for causes including:

  • Providing false information on a license application
  • Violating any insurance law or rule
  • Obtaining a fee through misrepresentation
  • Misappropriating client premiums
  • Being convicted of a felony
  • Engaging in fraudulent or dishonest practices
  • Having a license revoked in another state
  • Willfully over-insuring any property

Important to Know!

Misappropriation of premiums is one of the most common grounds for license revocation in Michigan. Premiums received are fiduciary funds belonging to the insurer or insured and must be remitted promptly. Depositing client premiums into a personal account or commingling them with operating funds exposes a producer to revocation and criminal prosecution.

Key Definitions

Definitions
Insurance producer
A person required to be licensed to sell, solicit, or negotiate insurance in Michigan.
Negotiate
Conferring with or advising a buyer about the substantive benefits, terms, or conditions of a specific contract of insurance.
Solicitation
Attempting to sell insurance or asking a person to apply for insurance.
Appointment
Written authorization by an insurer for a licensed producer to act on its behalf.
Limited lines producer
A producer authorized to sell only specific, narrow types of coverage such as credit, travel, or self-service storage insurance.

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Producer Licensing & Conduct

Overview & Purpose

Chapter 12 of the Michigan Insurance Code governs who must be licensed as an insurance producer in Michigan, what qualifications are required, and what standards of conduct must be maintained throughout a producer’s career. This chapter applies equally to property and casualty producers and to life and health producers.

Who Needs a License

Any person who sells, solicits, or negotiates insurance in Michigan must hold a valid producer license issued by the Director of the Department of Insurance and Financial Services (DIFS). The law defines “negotiate” broadly — even advising a prospective buyer on coverage terms or conditions triggers the licensing requirement.

Certain individuals are exempt, including salaried employees of insurers who perform only clerical, administrative, or underwriting functions and do not receive commissions, as well as adjusters and special agents who provide only technical assistance to licensed producers.

Key Distinction: A person who merely hands out applications without explaining coverage is not required to have a license. But the moment they answer questions about coverage or recommend a policy, they are engaging in solicitation and must be licensed.

License Types and Lines of Authority

A producer license is issued for specific lines of authority. A licensee may hold authority in one or more of the following lines:

  • Life
  • Accident & Health or Sickness
  • Property
  • Casualty
  • Personal Lines
  • Variable Life & Variable Annuity
  • Limited lines (credit, travel, title insurance)

Holding a license in one line does not automatically authorize a producer to transact business in another.

Pre-Licensing Education Requirements

Before a resident individual may sit for the licensing examination, they must complete a registered pre-licensing program of study. Minimum instructional hours by program type:

  • Property: 20 hours
  • Casualty: 20 hours
  • Life: 20 hours
  • Accident & Health: 20 hours
  • Combined Life & A/H: 40 hours

Ethics Requirement

Of the required hours, Michigan law mandates that at least 6 hours cover professional ethics and specific chapters of the Michigan Insurance Code. This course satisfies that 6-hour requirement under Michigan Administrative Code R 500.3 and R 500.4.

Appointment and Termination

Once licensed, a producer must be appointed by the insurer(s) on whose behalf they transact business before they may legally bind coverage. Insurers must file appointment and termination notices with DIFS within 30 days.

When an insurer terminates a producer for cause — including fraud, dishonesty, or violation of insurance laws — the insurer is required to report the grounds to the Director. Producers have the right to request a hearing to contest such a report.

License Maintenance and Continuing Education

Producer licenses must be renewed every two years. Renewal requires:

  • Completion of 24 hours of approved continuing education per 2-year cycle
  • At least 3 of those 24 hours must be in insurance ethics
  • Hours may be completed through classroom instruction, home study, or approved online training

Producers who fail to meet CE requirements before their review date enter a 90-day grace period, during which they may service existing policies but may not sell, solicit, or bind new coverage. Failure to cure the deficiency within the grace period results in license cancellation.

Grounds for Denial, Suspension, or Revocation

The Director may deny, suspend, revoke, or refuse to renew a license for causes including:

  • Providing false information on a license application
  • Violating any insurance law or rule
  • Obtaining a fee through misrepresentation
  • Misappropriating client premiums
  • Being convicted of a felony
  • Engaging in fraudulent or dishonest practices
  • Having a license revoked in another state
  • Willfully over-insuring any property

Important to Know!

Misappropriation of premiums is one of the most common grounds for license revocation in Michigan. Premiums received are fiduciary funds belonging to the insurer or insured and must be remitted promptly. Depositing client premiums into a personal account or commingling them with operating funds exposes a producer to revocation and criminal prosecution.

Key Definitions

Definitions
Insurance producer
A person required to be licensed to sell, solicit, or negotiate insurance in Michigan.
Negotiate
Conferring with or advising a buyer about the substantive benefits, terms, or conditions of a specific contract of insurance.
Solicitation
Attempting to sell insurance or asking a person to apply for insurance.
Appointment
Written authorization by an insurer for a licensed producer to act on its behalf.
Limited lines producer
A producer authorized to sell only specific, narrow types of coverage such as credit, travel, or self-service storage insurance.