State RegulationsMI specificDifficulty 3/5
Under M.C.L. 500.1204(5), which of the following professional designations qualifies its holder to waive Michigan's pre-licensing education requirement?
Select an option to reveal the answer and the full 3-part explanation — free, no signup.
Answer & full 3-part explanation (select an option above, or peek)
Why B is correct
M.C.L. 500.1204(5) lists the specific designations that waive Michigan's pre-licensing education requirement, including CLU, CPCU, CIC, AAI, ChFC, CEBS, CFP, FLMI, LUTCF, RHU, REBC, HIA, and ARM. The CLU is an insurance-specific professional designation, so its holder may skip the registered program of study and proceed to the examination application.
Why the other options are wrong
- A) A CPA is a respected accounting credential, but it is not on the statutory designation list in M.C.L. 500.1204(5).
- C) An MBA is a general business degree; the waiver covers relevant college insurance degrees, not business degrees broadly.
- D) A JD is a law degree, not one of the enumerated insurance designations, so it does not waive the education requirement.
Memory hook
The waiver list is insurance-flavored: CLU in, CPA/MBA/JD out.