State RegulationsMI specificDifficulty 2/5
A Michigan producer is named in an administrative action brought by the insurance regulator of another jurisdiction. Within what period after the final disposition must the producer report the action to the director?
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Answer & full 3-part explanation (select an option above, or peek)
Why C is correct
M.C.L. 500.1247(1) requires a producer to report to the director any administrative action taken against the producer in another jurisdiction, or by another Michigan agency, within 30 days of the final disposition. This reporting duty keeps DIFS informed of discipline imposed elsewhere so the department can evaluate the producer's fitness to hold a Michigan license.
Why the other options are wrong
- A) 10 days is not the reporting period; the Code gives 30 days after the final disposition.
- B) 20 days is not a reporting deadline recognized by M.C.L. 500.1247(1).
- D) 60 days is too long; an out-of-jurisdiction administrative action must be reported within 30 days of the final disposition.
Memory hook
Action in another jurisdiction: 30 days after the final disposition.