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MI SB0378
MI SB0378Insurance: 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).
summary
Introduced
06/07/2023
06/07/2023
In Committee
06/20/2024
06/20/2024
Crossed Over
06/20/2024
06/20/2024
Passed
Dead
12/31/2024
12/31/2024
Introduced Session
102nd Legislature
Bill Summary
A bill to amend 1956 PA 218, entitled"The insurance code of 1956,"by amending section 1204c (MCL 500.1204c), as amended by 2017 PA 67.
AI Summary
This bill amends the Insurance Code of 1956 to provide a continuing education credit carryover system for insurance producers who belong to a professional insurance association. Specifically, the bill allows insurance producers who are active members of a local, regional, state, or national professional insurance association to receive up to 4 hours of credit toward the 24 hours of continuing education required every 2 years, if certain conditions are met, such as the producer being a dues-paying member in good standing and actively participating in the association's functions. The bill also allows any activity approved by the director to be credited toward the 24 hours of continuing education. These changes take effect for review dates after December 31, 2024.
Committee Categories
Budget and Finance, Business and Industry
Sponsors (1)
Last Action
Placed On Second Reading (on 12/11/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | http://legislature.mi.gov/doc.aspx?2023-SB-0378 |
| Fiscal Note/Analysis - House: Summary as Passed by the Senate | https://legislature.mi.gov/documents/2023-2024/billanalysis/House/pdf/2023-HLA-0378-7750CEC4.pdf |
| Fiscal Note/Analysis - Senate: ANALYSIS AS PASSED BY THE SENATE | https://legislature.mi.gov/documents/2023-2024/billanalysis/Senate/pdf/2023-SFA-0378-U.pdf |
| BillText | https://legislature.mi.gov/documents/2023-2024/billengrossed/Senate/htm/2023-SEBS-0378.htm |
| Fiscal Note/Analysis - Senate: SUMMARY OF BILL REPORTED FROM COMMITTEE | https://legislature.mi.gov/documents/2023-2024/billanalysis/Senate/pdf/2023-SFA-0378-F.pdf |
| Fiscal Note/Analysis - Senate: SUMMARY OF INTRODUCED BILL IN COMMITTEE | https://legislature.mi.gov/documents/2023-2024/billanalysis/Senate/pdf/2023-SFA-0378-G.pdf |
| BillText | http://www.legislature.mi.gov/documents/2023-2024/billintroduced/Senate/htm/2023-SIB-0378.htm |
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