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 exemptions from continuing education requirements for agents licensed only for travel/baggage insurance or limited line credit insurance.

Established a 90-day grace period allowing producers to meet requirements after license expiration without losing their license immediately.

Introduced a new post-2025 rule allowing up to 4 hours of credit for active participation in professional insurance associations.

Created new provisions allowing producers to apply excess study hours to the next two-year cycle, with specific limits on ethics hours and duplicate courses.

Added authority for the director to monitor classrooms during instruction and stricter disciplinary actions for non-compliant education instructors.

Corrected formatting errors in the bill text, such as typos in the enacting clause and inconsistent numbering in subsections.

The document title was updated to reflect that this is a substitute version (S-1) rather than the original Senate-passed version.

The name associated with the bill's metadata was changed from 'nj1t3p' to 'bjthur', likely reflecting a different drafter or version control identifier.

Minor adjustments to the spacing and indentation of the title and header sections were made.

Added specific study topics including long-term care insurance, annuity contracts, and estate planning to the list of approved continuing education subjects.

Created a new system allowing professional insurance associations to provide up to 4 hours of continuing education credit for member participation in association activities, effective after December 31, 2025.

Added requirements for producers selling their insurance business to limit their ability to solicit new policies while they transition ownership.

Added a 90-day grace period for producers who miss their license renewal deadline before their license is canceled.

Added specific exemptions for producers licensed only for travel/baggage insurance or limited-line credit insurance who are not actively selling those policies.

Clarified the filing fee for course approval ($25) and the annual fees for program providers ($500 initial, $100 renewal).

Added specific definitions for 'hour' (50 minutes), 'insurance producer', 'life-health agent', and 'property-casualty agent'.