January 4, 2013 – Michigan SB 467 was signed into law on 01/02/2013. This goes into effect on June 1, 2013 (effective date). The PST requirement will apply to all producers at that time. Regarding the one-time, 4-hour annuity training course, producers that are not licensed as of June 1, 2013 must complete the 4-hour course before transacting annuity sales;
producers holding an active license on or before June 1, 2013 will have an additional 6 months (beyond the effective date) to complete the course to satisfy the requirement.