Under the Federal Financial Services Reform Act of 1999, Michigan became the first state to coordinate the regulatory efforts of the insurance, financial institutions, and securities industries.
In the insurance industry, approximately 120,000 individual producers, agencies, adjusters, counselors, foreign risk retention groups, managing general agents/agencies, purchasing groups, solicitors, surplus lines producers and agencies, and third party administrators are licensed, certified, or registered.
There are over 7,000 mortgage and consumer finance licensees/registrants under the following classifications: consumer financial services Class 1 or Class ll, credit card, first and subordinate lien mortgage broker, lender and/or servicer, motor vehicle installment seller and sales finance company, regulatory loan and sale of checks.
In the securities industry, there are 121,000 agents, 2,200 broker-dealers, and 1,600 investment advisers registered in Michigan.
<< Licenses Available
are listed in the left column. Click on the appropriate title for specific licensing information.