Bill > SB0178

This bill provides appropriations for the Department of Insurance and Financial Services (DIFS) for the fiscal year ending September 30, 2026, with a total gross appropriation of $78,051,600. The bill allocates funding across several key areas, including departmental administration and support, insurance and financial services regulation, and information technology. The appropriation includes 6 full-time equated unclassified positions and 401 full-time equated classified positions. The funding comes primarily from various special revenue funds, such as bank fees, insurance bureau fund, and credit union fees, with no general fund/general purpose money. The bill includes provisions for reporting requirements, guidelines for grant programs, and specific directives for the department, such as providing customer service outreach, creating a plan for satellite offices, and submitting various reports on insurance rates, consumer assistance, and departmental activities. The bill also emphasizes transparency, requiring electronic reporting, public access to information, and preferences for Michigan businesses and veterans when procuring goods and services.

Budget and Finance

https://legislature.mi.gov/Bills/Bill?ObjectName=2025-SB-0178