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Michigan Department Of Insurance And Financial Services
Michigan Department of Insurance and Financial Services (DIFS), formerly the Office of Financial and Insurance Regulation, is a principal department in the Michigan executive branch with responsibility for insurance and financial institutions. History Office Governor A governor is an administrative leader and head of a polity or political region, ranking under the head of state and in some cases, such as governors-general, as the head of state's official representative. Depending on the type of political ... John Engler created the Office of Financial and Insurance Regulation as a Type I agency within the Michigan Department of Licensing and Regulatory Affairs, Michigan Department of Consumer and Industry Services to be headed up by a commissioner appointed to a four-year term. The Corporations, Securities and Land Development Bureau's security functions and all functions of the Insurance Bureau and Financial Institutions Bureau were transferred to the office. Departme ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Of Michigan
Michigan has a republican form of government with three branches of government: the executive branch consisting of the Governor of Michigan and the other independently elected constitutional officers; the legislative branch consisting of the House of Representatives and Senate; and the judicial branch consisting of the one court of justice. The state also allows direct participation of the electorate by initiative, referendum, recall, and ratification. Legislative branch The Michigan Legislature is the state legislature of the U.S. state of Michigan. It is organized as a bicameral institution consisting of the Senate, the upper house, and the House of Representatives, the lower house. Article IV of the Michigan Constitution, adopted in 1963, defines the role of the legislature and how it is to be constituted. Legislative acts are published in the official '' Acts of the Legislature'' and codified in the ''Michigan Compiled Laws''. The Michigan Legislature meets in the Mic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank
A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a Bank regulation, high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure accounting liquidity, liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concept ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State Agencies Of Michigan
The 1963 Constitution requires that all permanent agencies or commissions, except universities, be assigned to one of a maximum of twenty principal departments. The principal departments are the: * Department of Agriculture & Rural Development * Department of Attorney General * Department of Civil Rights * Department of Corrections * Department of Education * Department of Environment, Great Lakes, and Energy * Department of Health and Human Services * Department of Insurance & Financial Services * Department of Licensing & Regulatory Affairs * Department of Military & Veterans Affairs * Department of Natural Resources * Department of State (DOS) * Department of State Police * Department of Technology, Management & Budget (DTMB) * Department of Talent and Economic Development (TED) * Department of Transportation * Department of Treasury Type 1 agencies are under the under administration of the agency but operates independently of the principal department in caring ou ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gretchen Whitmer
Gretchen Esther Whitmer (born August 23, 1971) is an American lawyer and politician serving as the 49th governor of Michigan since 2019. A member of the Democratic Party, she served in the Michigan House of Representatives from 2001 to 2006 and in the Michigan Senate from 2006 to 2015. Whitmer was born and raised in Michigan. She is a graduate of Forest Hills Central High School near Grand Rapids, Michigan State University, and the Michigan State University College of Law, which at the time was the Detroit College of Law. She ran unsuccessfully for the state House of Representatives in the 1990s before being elected in 2000. In 2006, she became a state senator, a position she kept until term limits forced her to step down in 2015. She was the Senate's first female Democratic leader from 2011 to 2015. In 2013, Whitmer gained national attention for a floor speech during a debate on abortion in which she shared her experience of being sexually assaulted. For six months in 2 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Criminal Justice
Criminal justice is the delivery of justice to those who have been accused of committing crimes. The criminal justice system is a series of government agencies and institutions. Goals include the rehabilitation of offenders, preventing other crimes, and moral support for victims. The primary institutions of the criminal justice system are the police, prosecution and defense lawyers, the courts and the prisons system. Criminal justice system Definition The criminal justice system consists of three main parts: #Law enforcement agencies, usually the police #Courts and accompanying prosecution and defence lawyers #Agencies for detaining and supervising offenders, such as prisons and probation agencies. In the criminal justice system, these distinct agencies operate together as the principal means of maintaining the rule of law within society. Law enforcement The first contact a defendant has with the criminal justice system is usually with the police (or ''law enforcement'' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Credit Union Administration
The National Credit Union Administration (NCUA) is a government-backed insurer of credit unions in the United States, one of two agencies that provide deposit insurance to depositors in U.S. depository institutions, the other being the Federal Deposit Insurance Corporation, which insures commercial banks and savings institutions. The NCUA is an independent federal agency created by the United States Congress to regulate, charter, and supervise federal credit unions. With the backing of the full faith and credit of the U.S. government, the NCUA operates and manages the National Credit Union Share Insurance Fund, insuring the deposits of more than 124 million account holders in all federal credit unions and the overwhelming majority of state-chartered credit unions. Besides the Share Insurance Fund, the NCUA operates three other funds: the NCUA Operating Fund, the Central Liquidity Facility (CLF), and the Community Development Revolving Loan Fund (CDRLF). The NCUA Operating ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Conservatorship
Under U.S. law, conservatorship is the appointment of a guardian or a protector by a judge to manage the financial affairs and/or daily life of another person due to old age or physical or mental limitations. A person under conservatorship is a "conservatee", a term that can refer to an adult. A person under guardianship is a "ward", a term that can also refer to a minor child. Conservatorship may also apply to corporations and organizations. The conservator may be only of the "estate" (financial affairs), but may be also of the "person", wherein the conservator takes charge of overseeing the daily activities, such as health care or living arrangements of the conservatee. A conservator of the person is more typically called a legal guardian. Appointment Conservatorship is established either by court order (with regard to individuals) or via a statutory or regulatory authority (with regard to organizations such as business entities). In other legal terms, a conservatorship may ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Liquidation
Liquidation is the process in accounting by which a company is brought to an end in Canada, United Kingdom, United States, Ireland, Australia, New Zealand, Italy, and many other countries. The assets and property of the company are redistributed. Liquidation is also sometimes referred to as winding-up or dissolution, although dissolution technically refers to the last stage of liquidation. The process of liquidation also arises when customs, an authority or agency in a country responsible for collecting and safeguarding customs duties, determines the final computation or ascertainment of the duties or drawback accruing on an entry. Liquidation may either be compulsory (sometimes referred to as a ''creditors' liquidation'' or ''receivership'' following bankruptcy, which may result in the court creating a "liquidation trust") or voluntary (sometimes referred to as a ''shareholders' liquidation'', although some voluntary liquidations are controlled by the creditors). The term ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ingham County, Michigan
Ingham County ( ) is a county located in the U.S. state of Michigan. As of the 2020 Census, the population was 284,900. The county seat is Mason. Lansing, the state capital of Michigan, is largely located within the county. (Lansing is the only state capital in the United States located in a county of which it is not also the seat of government.) The county is home to Michigan State University, Lansing Community College, and the Class A minor league baseball team Lansing Lugnuts. Ingham County is included in the Lansing– East Lansing, MI Metropolitan Statistical Area. It is considered to be a part of Mid Michigan. History Ingham County was established by an act of the Michigan Territorial Legislature on October 29, 1829, from portions of Shiawassee County, Washtenaw County and unorganized territory. It was attached for administrative purposes to Washtenaw County until 1838 when county government was established for Ingham. The county was named for Samuel D. Ingham, the U ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Payday Loan
A payday loan (also called a payday advance, salary loan, payroll loan, small dollar loan, short term, or cash advance loan) is a short-term unsecured loan, often characterized by high interest rates. The term "payday" in payday loan refers to when a borrower writes a postdated check to the lender for the payday salary, but receives part of that payday sum in immediate cash from the lender. However, in common parlance, the concept also applies regardless of whether repayment of loans is linked to a borrower's payday. The loans are also sometimes referred to as " cash advances", though that term can also refer to cash provided against a prearranged line of credit such as a credit card. Legislation regarding payday loans varies widely between different countries, and in federal systems, between different states or provinces. To prevent usury (unreasonable and excessive rates of interest), some jurisdictions limit the annual percentage rate (APR) that any lender, including payday ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Regulation
Regulation is the management of complex systems according to a set of rules and trends. In systems theory, these types of rules exist in various fields of biology and society, but the term has slightly different meanings according to context. For example: * in biology, gene regulation and metabolic regulation allow living organisms to adapt to their environment and maintain homeostasis; * in government, typically regulation means stipulations of the delegated legislation which is drafted by subject-matter experts to enforce primary legislation; * in business, industry self-regulation occurs through self-regulatory organizations and trade associations which allow industries to set and enforce rules with less government involvement; and, * in psychology, self-regulation theory is the study of how individuals regulate their thoughts and behaviors to reach goals. Social Regulation in the social, political, psychological, and economic domains can take many forms: legal r ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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