Mich. Admin. Code R. 500.634 - Examinations for agents
Rule 634.
(1) The
commissioner shall schedule an examination and notify the agent of the date,
time and place of the examination. The examination fee may be submitted with
the letter request or may be paid at the time of examination.
(2) The examination has 2 parts. Part 1 deals
with securities in general. Part 2 deals with the history, purpose, regulation
and sale of variable contracts. An examinee shall achieve a grade of at least
70% in each part in order to pass the examination. Certain sales supervisory
and home office employees shall achieve a grade of at least 80% in part
1.
Notes
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