Annually in February, each insurance adjuster, counselor, solicitor sponsor, and surplus lines receives a renewal invoice.
If the renewal invoice is returned to OFIS due to a bad address, OFIS will inactivate the license. If the renewal invoice with payment is not received by the due date, a licensee/registrant will be mailed a notice of cancellation due to non-receipt or untimely receipt of a license renewal invoice payment The license is inactivated with the effective date of March 31. Receipt and deposit by the State of Michigan of a late payment after cancellation of the license has officially occurred will not restore the status of the license to active.
Prior to conducting business a new application and fees will be required, within twelve (12) months of inactive date in order to avoid any applicable prelicensing and examination. Conducting business under a cancelled license is non-compliant with the Michigan Insurance Code, and may result in a disciplinary action.
Refunds for licensing late payments or duplicate payments will not be issued automatically nor issued for less than $100.00.
Payment of the renewal invoice does NOT generate a new license document annually. The original license is perpetual as long as the invoice is paid and the licensee is in good standing.