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MI HB4703
MI HB4703Insurance: 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
06/07/2023
06/07/2023
Crossed Over
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, it allows insurance producers who are active members of a professional insurance association to receive 4 hours of continuing education credit towards the 24 hours required every 2 years, as long as they meet certain criteria, such as 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 towards the 24-hour continuing education requirement after December 31, 2023.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
House Insurance and Financial Services (14:00:00 6/20/2023 Room 521, House Office Building) (on 06/20/2023)
Bill Topics
Banking, Finance, and Domestic Commerce
- ‐ Insurance Regulation
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | http://legislature.mi.gov/doc.aspx?2023-HB-4703 | 06/07/2023 |
| Fiscal Note/Analysis - Summary as Introduced | http://www.legislature.mi.gov/documents/2023-2024/billanalysis/House/pdf/2023-HLA-4703-930EF4FD.pdf | 06/19/2023 |
| BillText | http://www.legislature.mi.gov/documents/2023-2024/billintroduced/House/htm/2023-HIB-4703.htm | 06/07/2023 |
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