HOUSE BILL No. 4892


     September 28, 1999, Introduced by Rep. Bisbee and referred to the Committee on
Insurance and Financial Services.


        A bill to amend 1956 PA 218, entitled

   "The insurance code of 1956,"

   (MCL 500.100 to 500.8302) by adding sections 1203a and 1203b.

               THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

 1         SEC. 1203A.  A LICENSE IS NOT REQUIRED UNDER THIS CHAPTER IF

 2    A PERSON ACTS AS AN EMPLOYEE OF A CREDITOR OR VENDOR AND RECEIVES

 3    NO COMMISSION FOR SECURING AND FORWARDING INFORMATION FOR THE

 4    PURPOSE OF OBTAINING GROUP CREDIT LIFE INSURANCE, GROUP CREDIT

 5    ACCIDENT AND HEALTH INSURANCE, GROUP CREDIT PROPERTY INSURANCE,

 6    OR GROUP INVOLUNTARY UNEMPLOYMENT INSURANCE OR FOR ENROLLING

 7    INDIVIDUALS IN OR ISSUING CERTIFICATES OF INSURANCE FOR GROUP

 8    CREDIT LIFE INSURANCE, GROUP CREDIT ACCIDENT AND HEALTH INSUR-

 9    ANCE, OR GROUP INVOLUNTARY UNEMPLOYMENT INSURANCE.





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 1         SEC. 1203B.  (1) THE COMMISSIONER SHALL ISSUE A LIMITED

 2    AGENT'S LICENSE TO AN APPLICANT OTHERWISE QUALIFIED UNDER THIS

 3    CHAPTER WHOSE INSURANCE ACTIVITIES ARE LIMITED TO THE SOLICITA-

 4    TION AND SALE OF ANY OF THE FOLLOWING:

 5         (A) CREDIT LIFE INSURANCE.

 6         (B) CREDIT ACCIDENT AND HEALTH INSURANCE.

 7         (C) CREDIT PROPERTY INSURANCE.

 8         (D) CREDIT INVOLUNTARY UNEMPLOYMENT INSURANCE.

 9         (E) FAMILY LEAVE INSURANCE.

10         (2) THE PROGRAM OF STUDY, EXAMINATION, AND CONTINUING EDUCA-

11    TION REQUIREMENTS OF THIS CHAPTER DO NOT APPLY TO A LIMITED

12    LICENSE ISSUED UNDER THIS SECTION.
































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