The Missouri Department of Insurance, Financial Institutions and Professional Registration (DIFP) is now known as the Missouri Department of Commerce and Insurance (DCI) after the Public Service Commission (PSC) and the Office of the Public Counsel (OPC) were moved from the Department of Economic Development to the newly named DCI.
This move was needed in order to have similar regulatory functions under one department umbrella. The Public Service Commission and the Office of the Public Counsel will join the existing regulatory divisions of DCI, which include Insurance, Finance, Credit Unions and Professional Registration.
The agency reorganization was announced by Gov. Mike Parsons in his January 2019 State of the State address.
“Moving the PSC and OPC to the Department of Commerce and Insurance made good strategic sense,” Chlora Lindley-Myers, director of DCI said in a media release. “We have similar missions and fully understand the regulatory environment. We’re very pleased to welcome our new colleagues to the department.”
Source: Missouri DCI
Topics Legislation Missouri
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