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The Commissioner of the OFIR, Kevin Clinton, was selected to be the first department director. The Governor formed the department in hopes of better regulations thus drawing more insurance and banking companies to the state thus leading to more jobs. [4] In May 2013, the DIFS ordered two unlicensed pay day loan operators to stop activities in ...
Michigan Department of History, Arts and Libraries [6] Michigan Department of Information Technology [ 7 ] Michigan Department of Licensing and Regulation , abolished by Governor Engler with most of the department transfer to the Department of Commerce until Commerce was split up with the former L&R powers transferred to the Department of ...
The office of the insurance commissioner may be part of a larger regulatory agency, or an autonomous department. Insurance law and regulation is established individually by each state. In order to better coordinate insurance regulation among the states and territories, insurance commissioners are members of the National Association of Insurance ...
Surveys by Insure.com show that from 2019 to 2024, Michigan went from being the No. 1 most expensive state, with an annual policy average of $2,611, to the No. 6 most expensive state this year ...
Michigan has responded by reforming legal insurance requirements and more closely regulating auto insurance. As a result, the state saw a 6 percent drop in the number of uninsured motorists ...
As of September 2024, the average cost of Michigan state minimum auto insurance with $250,000 of PIP coverage is $844 per year or about $70 per month. However, ...
Pages in category "State agencies of Michigan" The following 32 pages are in this category, out of 32 total. ... Michigan Department of Insurance and Financial ...
The department, as the Department of Commerce, was formed in 1965 by Section 225 of the Executive Organization Act of 1965, 1965 PA 380, MCL 16.325.The Michigan Department of Licensing and Regulation was abolished with most responsibilities transferred to the newly formed Department. [1]