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In Michigan, all insurance licenses are perpetual, except Surplus Lines. Producer licenses remain in good standing as long as the continuing education requirements are met. If this is the state you reside in, then renewing your license will also keep any non-resident license you have in good standing.

Contact the Department of Insurance and Financial Services for licensure information at 877-999-6442 or visit www.michigan.gov/difs.

Download a template for a licensing agreement. Choose your role as the licensor or licensee. Define the license(s) in the agreement. Decide whether the license is exclusive or not. Settle the matter of fees and payment schedule. Add a renewal date and rules.

A license agreement is a business contract between two parties. The licensor (the seller of the license) owns the asset being licensed and the licensee (the buyer) pays for the right to use the license. The licensee pays royalties to the owner in exchange for the right to sell the product or use the technology.

An example of a licensing agreement is a contract between the copyright holders of software and another company, allowing the latter to use the computer software for their daily business operations.

A licensing agreement is a written contract between two parties in which a property owner permits another party to use that property under a specific set of parameters. A licensing agreement or license agreement typically involves a licensor and a licensee.

Michigan - Alerts - COVID-19Michigan does not offer license printing services electronically. To document licensure, companies should make a screen print of the producer's license status from the DIFS Insurance License Locator or from NIPR'S Producer Database (PDB).

To check your continuing education hours, you may visit our License Status Inquiry Web page, for on-line license status information. The continuing education provider has 30 days from the course completion date to submit the student roster to the department.

Go to the National Insurance Producer Registry (NIPR) website, nipr.com, to apply online for non-resident licenses in most states. To apply, you will need your resident state license number and your national producer number (NPN).

Michigan Termination of License Agreement

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