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).

Added new required course topics including ethics in insurance, estate planning and taxation, long-term care insurance, and accounting/actuarial considerations for life-health agents.

Added new required course topics including property and casualty insurance principles, risk management, and casualty insurance contract provisions for property-casualty agents.

Added provisions allowing up to 12 carryover hours to the next 2-year period, but excluding ethics hours from carryover.

Created new credit system awarding 4 hours toward continuing education requirements for active participation in professional insurance associations after December 31, 2025.

Added new provisions for monitoring classroom instruction and stricter standards for approving insurance education instructors.

Added specific rules for producers selling their insurance businesses, including restrictions on soliciting new policies and partial commission rights.

Modified the definition of an 'hour' to mean not less than 50 minutes of instruction.

Extended the grace period for meeting continuing education requirements from 30 days to 90 days before license cancellation.

Created new exemptions for producers licensed only for travel/baggage insurance or limited line credit insurance who are not primarily selling those products.