626.8414  Qualifications for examination.--

(1)  The department must authorize any natural person to take the examination for the issuance of a license as a title insurance agent if the person meets all of the following qualifications:

(a)  The applicant must be at least 18 years of age.

(b)  The applicant must be a bona fide resident of this state. A person meets the residency requirement of this paragraph, notwithstanding the existence at the time of application for license of a license in the applicant's name on the records of another state as a resident licensee of such other state, if the applicant furnishes a letter of clearance satisfactory to the department that the resident licenses have been canceled or changed to a nonresident basis and that the applicant is in good standing.

(2)  An applicant who has been actively engaged with responsible duties in the title insurance business in this state for 5 consecutive years before the date of application for examination is not required to take an examination for a license if application for licensure is filed with the department no later than March 31, 1993.