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).

This bill updates Michigan's insurance laws to allow continuing education credits earned by producers in professional associations to be carried over for future license renewals. It directly affects insurance agents and brokers who belong to these associations by modifying the rules for how they must complete their required 24 hours of training every two years. The legislation establishes specific criteria for approving study programs, sets fees for program providers, and outlines a process for reviewing and potentially waiving requirements for military service members or those facing severe hardships. By clarifying the system for credit carryover and program approval, the bill aims to streamline the administrative process for maintaining active insurance licenses.