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On January 17, 2013, Governor Rick Snyder ordered that the Office of Financial and Insurance Regulation (OFIR) be transfer out of the Michigan Department of Licensing and Regulatory Affairs to form a new principal department, the Michigan Department of Insurance and Financial Services, effective March 19, 2013. [3]
People who had not terminated their systematic plan were not covered in the settlement. In September 2007, a California judge granted "Class Action" status to a 2005 lawsuit filed by systematic plan holders whose plans were active when the SEC issued its ruling on December 15, 2004. [16]
Michigan’s new PIP laws went into effect on all policies issued or renewed after July 1, 2020. The goal of this law was to make car insurance more affordable.
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For premium support please call: 800-290-4726 more ways to reach us. ... who filed the lawsuit in the Michigan Court of Claims in January 2022, ... Contact Adrienne Roberts: amroberts@freepress ...
The net assets of the Defined Benefit plan, valued at $265.8 million as of September 30, 2017, are invested by the Michigan Department of Treasury, Bureau of Investments. In fiscal year 2017, the System paid Defined Benefit plan retirement pensions totaling $23.7 million. [19]
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For example, if an investor had two Roth IRAS of $400,000 each, and an individual (non-IRA) account with $500,000, the two Roth IRAs would be considered a single "capacity" and the $800,000 sum would only be covered to the $500,000 limit (so $300,000 would be lost).