MI-Credit-Insurance-Exam

Michigan Credit Insurance Producer Exam Study Guide

A comprehensive, step-by-step study guide for the Michigan DIFS Credit Insurance Producer License Exam.

Quick Facts

• Total Questions: 90
• Time Limit: 3 hours
• Passing Score: ~70% (63+ questions)
• Study Time: 12-13 hours

Exam Breakdown

• Phase 1: General Insurance Fundamentals (35 questions)
• Phase 2: Credit Insurance Specifics (30 questions)
• Phase 3: Michigan Insurance Regulations (25 questions)

Chapters

Phase 1: General Insurance

1. Understanding Insurance and Risk
2. Company Structure & Distribution
3. Contract Law & Agency
4. Life Insurance Provisions
5. Health Insurance Provisions

Phase 2: Credit Insurance

1. Credit Insurance Basics
2. Credit Life & A&H
3. Other Credit Insurance

Phase 3: Michigan Regulations

1. Licensing & Compliance
2. License Maintenance
3. Unfair Trade Practices
4. Controlled Business Rules
5. Guaranty Association

Quick Reference

• Critical Numbers
• Key Definitions
• 90-Question Practice Exam

How to Study

1. Read chapters in order
2. Complete quiz after each chapter
3. Memorize critical numbers
4. Take practice exam
5. Review weak areas

Good luck! 🎯