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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 ...
The Wisconsin Department of Financial Institutions (DFI) is an agency of the Wisconsin state government responsible for state regulation of financial institutions and educating the public about financial issues. [2] [3] The department headquarters are located at the Hill Farms State Office Building on the west side of Madison, Wisconsin. The ...
The Michigan Department of Licensing and Regulation was abolished with most responsibilities transferred to the newly formed Department. [1] It was renamed the Department of Consumer and Industry Services under an executive order issued in 1996 by Governor John Engler , merging most of the Department of Labor within the Department of Commerce ...
State. Free look minimum requirement . Alabama. 15 days. Free look period is only granted if the insurer fails to provide an annuity buyer’s guide and disclosure document at or before the ...
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 ...
In Michigan, as in most states, it is a legal requirement for drivers to have a minimum amount of car insurance. Driving without insurance or failing to meet the Michigan auto insurance ...
The insurance business was first authorized and regulated in Wisconsin in 1870 (1870 Wisc. Act 56). The original law vested insurance regulation as a power of the Secretary of State of Wisconsin. These powers were transferred to a separate commissioner of insurance by an act of the Wisconsin Legislature in 1878 (1878 Wisc. Act 214).
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 Consumer and Industry Services [1] Michigan Department of Labor ...