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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]
The firm also acquired Prosource, [4] a Minneapolis-based classroom business that was the dominant provider in real estate and insurance licensing in Minnesota as well as a large provider in insurance CE and securities exam prep. Insurance Systems of Tennessee, headquartered in Nashville, was acquired in 2004 to make Dearborn the dominant ...
The Fellow, Life Management Institute (FLMI) designation program, awards the FLMI designation to individuals who pass a series of 10 examinations; these insurance-focused examinations cover insurance, accounting, marketing, information systems, finance, law, management, and computers. [6]
Obtaining life insurance can feel like a complicated process, especially if the thought of a medical exam puts you off. The good news is you don’t always need an exam to get covered.
The seven-pay test is how the government determines if a life insurance policy turns into a MEC. Specifically, the test limits how much the policyholder can deposit annually during the first seven ...
On February 4, 2019, Governor Gretchen Whitmer ordered that the Michigan Agency for Energy be transferred out of the department and into the Department of Environment, Great Lakes, and Energy as the Office of Climate and Energy. [10] In 2021 the Child Care Licensing Bureau was created within the Department of Licensing and Regulatory Affairs.
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