What are the responsibilities of a Resident Individual Producer sponsor?
Sponsor must maintain his or her license in good standing.
Sponsor is responsible for ensuring that the scope of the temporary producer’s duties will not exceed the authority granted through issuance of the temporary license.
Ensure the temporary producer will only sell, solicit, or negotiate on behalf of insurers with which they hold an appointment; and if the appointment is terminated immediately notify the Director.
Ensure that the temporary producer continues to meet the requirements for the temporary license.
Give written notice to the Director, immediately, if the temporary producer is no longer under the sponsor’s direct supervision.
Accept full responsibility for the temporary producer’s actions while under my supervision and I will be held accountable for any misconduct or violation of the Michigan Insurance Code or related regulation committed by the temporary producer.
Sign and submit the FIS 2354 Michigan Licensed Producer Sponsor Affidavit.