Anti-Money Laundering

This course will teach agents to fully understand the issues related to anti-money laundering as set forth in the USA Patriot Act.This course is intended to provide agents and brokers with knowledge of money laundering and terrorist financing and the ways in which the insurance industry might be used to engage in such activities. In addition, it provides an in-depth look at the requirements imposed by the Treasury Department regulations, as well as the means by which brokers and agents may be integrated into insurers’ AML programs.

Michigan State Requirements

Updated: 03/05/2012

Continuing Education Hours

24 hours biennially, 3 of which MUST be Ethics.

Course Subject Requirements

• 21 hours can be completed for ANY line held.
• 3 hours MUST be certified Ethics.
• Agents selling, soliciting, or negotiating long-term care insurance must complete an initial 8 hour course on Long Term Care insurance and 4 hours on Long Term Care every two years thereafter.
• All Michigan licensed producers authorized to sell flood insurance policies must complete a one-time 3 hour requirement on flood insurance.

Continuing Education Compliance Date

Biennial compliance date is determined by your month and date of birth at least 12 months after the issuance of your initial license. The first scheduled review date must permit a producer at least 12 months before the first CE review date. See the samples below.

Types of Courses Accepted for CE Credit

Independent self-study courses and Classroom study.

Final Exam

Self-study final exams are required to be monitored by a disinterested third party. (i.e. not the student's relative, or business associate)

Carryover Requirements

Excess CE credit hours may not be carried over to the next reporting period.

Course Repetition

Courses may not be taken for credit more than once in each reporting period.

Exemptions

• Individuals licensed only for one or more of the following lines: Credit Products, Limited Life, Turkey, Crop & Hail, Travel, Accident and/or Baggage, Title, and/or Credit Products.
• Individuals who apply for and receive a hardship waiver for terminal illness of self or of immediate family member who requires an ordinate amount of care by licensee or military duty.

Method to Certify Completion

Your certificate of completion will be e-mailed to you once you have completed your exam. The course provider reports earned credits to the CE administrator within one day of course completion. Producer keeps the original certificates of completion in their files. If there is ever a dispute concerning earned credits, the producer must correct the problem directly with the education provider who in turn will correct it with the CE administrator.

Roster Fees

A roster fee of $1.00 per credit hour ordered is required to process course completion hours in Michigan and will be added to the order total upon checkout.

Nonresidents

Exempt if producer meets home state CE requirement. If producer does not meet home state CE requirement, producer must comply with Michigan's CE requirement.

For Additional Information Please Contact

Michigan Division of Insurance
Office of Financial & Insurance Services
P.O. Box 30220
Lansing, MI 48909-7720

PHONE: -877-932-6424 or Thomson Prometric (866)241-3115

State Website: http://www.michigan.gov/lara/0,1607,7-154-10555---,00.html

To check the status of your CE credits for your state:
*You will need to provide your name and/or the last 4 digits of your SSN.*

• 1. Go to http://www.cis.state.mi.us/fis/ind_srch/ins_agnt/insurance_agent_criteria.asp
• 2. Input your information in the requested search fields. Last Name, First Name, and SSN generally gives fastest results.
• 3. Click, "Submit"
• 4. Click on the, "Continuing Education" button to the right of your name, or click on your name.

Course Format

System Requirements: Please note that Mozilla firefox 9 download here or Internet explorer 8 or higher: Download here 
are required to view our website when you wish to access the learning center. You should also note that taking courses over a wireless internet connection is not advised. When taking your exams you should try to be on a wired internet connection to your computer.

If your state requires monitored exams, you must have your monitor sign-in and follow the monitor instructions BEFORE you begin the exam.  See the State Information tab, Monitor tab and Help Center for more information.

How to Redeem Vouchers 

Monitor Instructions - General

 IMPORTANT!!!

Your state requires that your exam(s) MUST be monitored.

The monitor must print, sign and complete the affidavit found by clicking Printable Monitor Form to indicate that the exam was taken without any outside help from any source. Please fax the completed monitor form to: (619) 421-8171 immediately after completing the exam. Your exam will not be completed, and no CE credit will be awarded or reported to your state, until the properly completed, signed monitor form has been received (along with any state reporting fees that may be due).