NAIFA is proud that Michigan is the 14th state to embrace a personal finance education course requirement. Michigan's legislation requires that all high school students take a half-credit course in personal finance before they graduate. The Michigan House of Representatives passed HB 5190 by a vote of 94-13 and the bill passed the state's Senate in May with a vote of 35-2. Members of NAIFA-Michigan, who first created this concept a decade ago with legislation to create optional courses, celebrate the signature of Governor Whitmer updating Michigan’s high school curriculum to include a financial literacy course.
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Michigan Passes High School Financial Literacy Education Requirement
Topics: State Advocacy Financial Literacy Michigan
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Michigan and Arkansas Adopt Best Interest Rule on Annuities
Michigan and Arkansas have become states number four and five to adopt a best interest annuity rule based on the National Association of Insurance Commissioners’ (NAIC’s) revised Suitability in Annuity Transactions Model Regulation.