Posted 06/16/17
The information on this page is intended to provide a quick overview of when a license may or may not be required. It does not encompass all circumstances and is not meant as substitute for legal advice. Please refer to Chapter 12 of the Michigan Insurance Code, 1956 PA 218, for complete information. The Insurance Code is the prevailing authority as to when a license is required. Questions may be directed to the Department’s Insurance Licensing Section toll free at 877-999-6442.
If you are soliciting, negotiating or selling insurance you are required to be licensed as an insurance producer (agent).
MCL 500.1201(m)
“Solicit” means attempting to sell insurance or asking or urging a person to apply for a particular kind of insurance from a particular company.
MCL 500.1201(k)
“Negotiate” means the act of conferring directly with or offering advice directly to a purchaser or prospective purchaser of a particular contract of insurance concerning any of the substantive benefits, terms, or conditions of the contract, provided that the person engaged in that act either sells insurance or obtains insurance from insurers for purchasers.
MCL 500.1201(l)
“Sell” means to exchange a contract of insurance by any means, for money or its equivalent, on behalf of an insurance company.