Converting Fha to conventional pmi gets waived?

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hi,Does pmi get waived upon converting an FHA loan to Conventional? For example someone buys a 1 million dollar home with a 3.5 percent down payment and at a later time decides to convert the 30 year FHA to 30 year conventional would that waive the pmi?

Will this conversion require a refinance?

Appreciate your input

FHA mortgage insurance is typically there for the life of the loan, so yes you'd need to refinance. 20% equity is required to completely waive the PMI, though at 10% and 15% equity it becomes possible to bake it into the interest rate and advertise it as "no PMI."