The Michigan Department of Insurance (MDI) plays a vital role in protecting Michigan residents and ensuring the stability of the state’s insurance market. From regulating insurance companies and licensing agents to mediating consumer complaints and overseeing financial solvency, the MDI’s responsibilities are far-reaching and critical to the economic well-being of the state. This guide provides a detailed overview of the MDI’s functions, its regulatory processes, and the resources it offers to both consumers and industry professionals. Established to protect consumers and maintain a stable insurance market, the MDI’s history is intertwined with the evolution of the insurance industry in Read More …
