Permits licensed insurance agents, brokers, adjusters, consultants, and intermediaries to carryover up to five hours of continuing education credit per biennial licensing period.
Summary
This bill amends the Insurance Law to allow certain licensed insurance professionals — including agents, brokers, adjusters, consultants, and intermediaries — to carry forward up to seven hours of excess continuing education credit from one biennial licensing period to the next for the same class of license. Under current law, excess hours cannot be carried over at all. The measure is intended to give licensees more flexibility in meeting continuing education requirements while still preserving the overall biennial education framework.
The bill applies to continuing education compliance for insurance licensees regulated under section 2132 of the Insurance Law and takes effect immediately upon enactment. It does not change the total continuing education requirement itself, but it changes how surplus credits may be used across licensing periods. The bill was amended during the legislative process; the context caption references carryover of up to five hours, while the bill text as amended provides for up to seven hours.
Impact
The bill would revise section 2132(c)(3) of the Insurance Law by replacing the current prohibition on carrying excess continuing education hours forward with a new allowance of up to seven hours per biennial licensing period. This affects licensed insurance agents, brokers, adjusters, consultants, and intermediaries by giving them a limited credit bank for future compliance periods. It would also require the Department of Financial Services and related licensing processes to recognize carried-over credits within the new cap.
Sentiment
The available legislative history suggests broad support for the measure. The Assembly Insurance Committee reported the bill favorably by a 25-0 vote, and the Assembly passed it unanimously on the floor by a 144-0 vote. No committee transcript is available, but the voting record indicates the bill was viewed as a practical administrative adjustment rather than a controversial policy change.
Contention
There is little visible contention in the available record, as the bill advanced unanimously through committee and floor passage. The main policy issue is the size of the carryover allowance: the bill text ultimately authorizes up to seven hours, while the bill caption in the context materials refers to five hours, suggesting the amount of permissible carryover may have been adjusted during amendment. Any disagreement would likely center on whether allowing carryover weakens continuing education rigor or, conversely, whether it appropriately reduces administrative burden and prevents loss of earned credits.
Same As
Permits licensed insurance agents, brokers, adjusters, consultants, and intermediaries to carryover up to five hours of continuing education credit per biennial licensing period.
Permits licensed insurance agents, brokers, adjusters, consultants, and intermediaries to carryover up to five hours of continuing education credit per biennial licensing period.
Allows up to seven excess continuing education credit hours for real estate brokers and real estate salespersons to be carried forward to the next two-year licensing period.
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).
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).
Producer's lines of insurance, service of process for producer proceedings, revocation of nonresident producer licenses, requirements for renewal of business entity public adjuster licenses, public adjuster proof of insurance requirements, and public adjuster continuing education requirements.