PLMImedium
How often must a Michigan resident insurance producer renew the producer license issued by DIFS?
AAnnually on January 1
BEvery 3 years on the license issue anniversary
CEvery 5 years from the date the original license was first issued by DIFS
Every 2 years on the producer's birthday-based renewal date
Why this is the answer
Under MCL 500.1204c(1), a Michigan producer license comes up for continuation every 2 years on a schedule DIFS sets. Renewal requires payment of the renewal fee and completion of 24 hours of CE (including 3 ethics) under MCL 500.1204c. The renewal date is tied to the producer's individual schedule. Failure to renew on time results in license lapse; reinstatement within 12 months requires deficient CE plus a reinstatement fee, after which a new application is required.
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