Michigan Insurance License
Licensing requirements for Michigan insurance professionals and companies.
This page provides an overview of insurance licensing in Michigan for individuals and companies. You will find state requirements, application fees, filing instructions, and more. For assistance with licensing, please contact us to learn about our software and managed license services.
Companies that provide insurance producer services in Michigan must apply for a license prior to doing business. Depending on the lines of authority offered by the entity and the types of services offered, multiple firm licenses may be required.
Before applying, firms should ensure that the licensed individual to be appointed agent in charge has the necessary licenses. Firms should also gather proof of incorporation, or foreign qualification for out-of-state firms, in anticipation of application requirements.
Company Licenses
Michigan Financial Services Company Licenses
Michigan Collection Agency License
Initial Registration
| Form: | |
| Agency Fee: | $225 |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $125 |
| Due: | Annually by June 30. |
Amendment
| Form: | |
| Agency Fee: | $10 |
Amendment
| Form: | |
| Agency Fee: | $10 |
| Due: | Within 30 days of a change to agency name or address. |
Reinstatement
| Form: | |
| Agency Fee: | $100 |
Supplemental Reporting
Annual Report of Business and Operations
| Form: | |
| Agency Fee: | $0 |
| Due: | Annually by May 16. |
Michigan Insurance Agency License
| Agency: | Michigan Department of Insurance and Financial Services |
Initial Registration
This section applies to insurance firms that are applying for a license in Michigan for the first time.
| Agency: | Michigan Department of Insurance and Financial Services |
| Form: | |
| Agency Fee: | Varies by insurance type. Baseline of $15 |
Registration Renewal
This section applies to insurance firms that are already licensed in Michigan and need to renew their license.
| Agency: | Michigan Department of Insurance and Financial Services |
| Form: | |
| Agency Fee: | Varies by insurance type. Baseline of $15 |
| Due: | Annually |
| Notes: | Resident and Non-Resident individual and business entity producers do not receive an invoice for license renewal annually. Surplus Lines individual and business entity producers are required to complete the annual renewal process as indicated on the Renewal Information web page. |
Renewal Not Required
Not required
Michigan Utilization Review License
Not required
Utilization Review licensure is not required on the State level in Michigan.
There is no license for utilization review in Michigan, however, employers and insurers are required to follow state guidelines regarding the review process.
Individual Licenses
Michigan Individual Financial Services Licenses
Michigan Individual Non-Resident Insurance Producer License
| Agency: | Michigan Department of Insurance and Financial Services |
| Foreign Qualification is Prerequisite: | No |
| Registered Agent (Special Agency) Required? | No |
Initial Registration
| Filing Method: | |
| Agency Fee: | $10 |
Renewal Not Required
Not required
Non-Resident individual and business entity (agency) producer licenses are perpetual as long as the home state license remains active and in good standing.
Learn about insurance licensing in other states:
Adjuster - A person or firm that is paid to adjust, investigate, and negotiate claim settlements. There are 3 categories of adjusters: company, independent, and public. Company adjusters work for insurance companies and investigate claims on behalf of the company. Independent adjusters investigate claims on a contractual basis for insurance companies. Public adjusters investigate claims on behalf of claimants, usually to determine the amount of money that can be claimed.
Agent in Charge - A licensed individual responsible for the supervision of all individuals within an insurance agency. The agent in charge must be licensed in the same lines as the agency.
Insurance Agent - Insurance agents act as intermediaries between the insurance company and policyholders. Agents can be either captive or independent. Captive agents represent a single insurance company, while independent agents represent multiple insurers.
Insurance Broker - Individuals who sell insurance policies while representing the interests of the buyer. Brokers are typically independent intermediaries without an insurance company affiliation.
Insurance Producer - May be used to refer to either individual insurance agents and brokers or insurance agencies and brokerages.
Managing General Agent - An agent or broker that is involved in underwriting and has other areas of authority normally handled by insurers. MGAs are typically involved in unusual lines of coverage or in geographically prohibitive areas.
Surplus Lines Insurer - An insurance carrier that takes on risks that a licensed carrier is unwilling to insure. Surplus lines insurers do not have access to state guaranty funds and are less tightly regulated by state governing bodies.
Third Party Administrator - An organization that manages group insurance policies and works with the employer and insurance carrier to process claims, handle loss control, and provide risk management and consulting services.
Title Agent - Title agents sell insurance that protects real estate owners against loss of ownership of a property due to a legal claim.
Viatical Settlement Provider - A company that purchases life insurance policies at a discount from individuals seeking immediately available funds.
Independent Insurance Agents and Brokers of America (Big “I”)
Advocacy group of independent insurance brokers and agents.
National Association of Insurance and Financial Advisors (NAIFA)
Professional association that advocates for favorable regulatory conditions for insurance agents and financial advisors.
National Association of Insurance Companies (NAIC)
A standard setting and regulatory support organization that is governed by state insurance regulators.
National Association of Professional Insurance Agents (PIA)
Professional association that provides education and advocacy for insurance agents throughout the United States.
National Insurance Producer Registry (NIPR)
An affiliate of the NAIC that provides streamlined and uniform producer licensing processes.
