Mich. Admin. Code R. 500.6 - Instructor requirements
Current through Vol. 22-05, April 1, 2022
The following state regulations pages link to this page.
Rule 6. (1) To qualify as an instructor of a registered insurance producer/solicitor program of study, a person shall possess at least 1 of the following:
(a) Three years of experience in the line of insurance which is to be taught.
(b) Three years of experience in teaching.
(c) Three years of experience in insurance and teaching combined.
(2) Approved instructors must report any of the following to the director within 30 calendar days of the event, stating in his or her own words the circumstances of the event:
(a) Violation of an insurance law or violation of a rule, subpoena, order of the director, or of another state's insurance commissioner.
(b) If the instructor has been found liable, has been convicted of, or has been found responsible in an administrative proceeding of using fraudulent, coercive, or dishonest practices or demonstrating incompetence, untrustworthiness, or financial irresponsibility in the conduct of business in this state or outside this state.
(c) Revocation of the instructor's insurance producer license or its equivalent by any state, province, district, or territory of the United States.
(3) Approved instructors must obtain the director's approval prior to scheduling or taking any Michigan insurance licensing examination.
History: 1988 AACS; 1997 AACS.; 2019 AACS.