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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]
Its budget is primarily derived from funds generated by license fees, assessments, and Proposition 103 recoupment fees. The CDI licenses over 1,500 insurance companies and more than 320,000 insurance agents and insurance brokers in the state of California, United States. The current California Insurance Commissioner is Ricardo Lara.
California FAIR Plan insurance: What it is and how it works. The California FAIR Plan is an insurance program of last resort for homeowners in high-risk areas of the Golden State who are unable to ...
The California Consumer Financial Protection Law (CCFPL) gave the DFPI expanded enforcement powers to protect California consumers from unfair, deceptive, or abusive practices committed by unlicensed financial services or products; COVID-19 pandemic-inspired scams; and a regulatory retreat by some federal agencies, most notably the Consumer ...
The range of homeowners' insurance costs is widespread. In Vermont, Bankrate data shows that people pay an average of $67 a month for a $300,000 dwelling limit, while in Nebraska, the most ...
Lineage moved its headquarters to Novi from Irvine, California, in 2017, receiving financial assistance from a local tax abatement and a $850,000 performance-based grant from the Michigan ...
The California Insurance Code are the codified California laws regarding insurance. The code not only covers requirements for home, auto, medical and business insurance policies, but also covers the licensing of bail bond agents, workers' compensation, motor club services, and other related business types. Topics include: classes of insurance ...
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