Mich. Admin. Code R. 500.4 - Life and accident and health producers; curriculum requirements
Rule 4.
(1) To
qualify as a registered insurance producer program of study on the subject of
accident and health insurance, a course must provide a minimum of 20 hours of
study. These 20 hours of instruction and final examination must include all of
the following areas, but may be taught in any order the instructor chooses:
(a) Fourteen hours on the principles of
accident and health insurance, including, but not limited to, the following
subjects and their definitions, characteristics, and application:
(i) Loss of time or disability
policies.
(ii) Expense incurred
policies.
(iii) Accidental death
and dismemberment policies.
(iv)
Hospital indemnity policies.
(v)
Medicare supplement policies.
(vi)
Dread disease policies.
(vii)
Long-term care policies.
(viii)
Group health insurance policies.
(ix) Major medical policies.
(x) Excess loss policies.
(xi) Blanket disability policies.
(b) Six hours on professional
ethics and the requirements of the insurance laws of Michigan, including, but
not limited to, all of the following chapters and subjects:
(i) Chapter 12 of the code, MCL 500.1200 to
500.1247.
(ii) Chapter 20 of the
code, MCL 500.2001 to 500.2093.
(iii) Chapter 34 of the code, MCL 500.3400 to
500.3477.
(iv) Chapter 45 of the
code, MCL 500.4501 to 500.4511.
(vi) The definitions and characteristics of
all of the following:
(A) Title X of the
consolidated omnibus budget reconciliation act of 1985 (Title X of COBRA),
Public Law 99-272.
(B) Third-party
administrators.
(C) Multiple
employer welfare arrangements.
(D)
Administrative services only contracts.
(E) Coordination of benefits.
(F) The patient protection and affordable
care act, Public Law
111-148 , as amended by the health care and
education reconciliation act of 2010,
Public Law
111-152 .
(2) To qualify as a registered
insurance producer program of study on the subject of life insurance, a course
shall provide for a minimum of 20 hours of study. These 20 hours of instruction
and final examination must include all of the following areas, but may be
taught in any order the instructor chooses:
(a) Fourteen hours on the principles of life
insurance, including, but not limited to, all of the following subjects and
their definitions, characteristics, and application:
(i) All of the following types of policies
and principal policy provisions:
(A) Term life
policies.
(B) Whole life
policies.
(C) Endowment
policies.
(D) Universal life
policies.
(E) Variable life
policies.
(ii)
Annuities.
(iii) Premiums and
dividends.
(iv) Group life
insurance.
(b) Six hours
on professional ethics and the requirements of the insurance laws of Michigan,
including, but not limited to, all of the following chapters and subjects:
(i) Chapter 12 of the code, MCL 500.1200 to
500.1247.
(ii) Chapter 20 of the
code, MCL 500.2001 to 500.2093.
(iii) Chapter 40 of the code, MCL 500.4000 to
500.4073.
(iv) Chapter 44 of the
code, MCL 500.4400 to 500.4454.
(v)
Chapter 45 of the code, MCL 500.4501 to 500.4511.
(3) The
40 hours of instruction and final examination for a combined life and accident
and health program must include all of the following areas, but may be taught
in any order or combination the instructor chooses:
(a) Thirty-four hours on all of the topics
listed in subrules (1)(a) and (2)(a) of this rule.
(b) Six hours on the topics listed in subrule
(2)(b) of this rule.
Notes
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