Insurance Premium Finance Company (PFC) FAQ

• Change of PFC name.
• Adoption of an assumed name/dba.
• Change in articles of incorporation or bylaws.
• Change of the corporate entity or Federal Employer Identification Number (FEIN).
• Change of business address.
• Change of mailing address only or change of contact person.
• Change in officers, directors, owners, or shareholders holding 10% or more of the PFC's stock.
• Change in status of the business.

DIFS should be notified in writing of any changes within 30 days.

Email any changes to DIFS-LicensingORE@michigan.gov. When original documents are required, changes can be mailed to: DIFS – Insurance Licensing, 530 W. Allegan Street, 7th Floor, Lansing, MI 48933.

Yes. Report any name change by mailing a letter requesting the name change, along with amended articles of incorporation, articles of organization, or other applicable organizational documents filed with the Michigan Department of Licensing and Regulatory Affairs (LARA); an original surety bond rider amending the name on the surety bond on file; and the original license. A new license will be automatically sent to the PFC if a name change occurs.

Yes. Report the assumed name/dba information by submitting an email, accompanied by a true copy of the dba filing with the Michigan Department of Licensing and Regulatory Affairs (LARA).

Yes. Report any change by submitting an email with a true copy of the amended articles of incorporation or bylaws.

• Yes. A change of the corporate entity, such as a merger or re-incorporation, is deemed to be significant. If new officers, directors, or stockholders of 10% or more result from a merger, each new individual or entity must complete form FIS 0857 – Statement of Owners, Officers, and Directors of a Premium Finance Company.
• A change of FEIN requires a new application and fees for the new entity.

Yes. Report a business address change by mailing a letter requesting the business address change (and mailing address change if applicable), the original license, and an original surety bond rider amending the address on the surety bond on file. A new license will be automatically sent to the PFC if an address change occurs.

Yes. Report a mailing address only or contact person change by submitting an email requesting the change.

Yes. Report the officers, directors, owners, or shareholder changes by submitting an email listing the changes. Form FIS 0857 – Statement of Owners, Officers, and Directors of a Premium Finance Company will be required if one has not already been filed for an individual or an entity. For changes in officer titles or resignations of officers, directors, owners, or shareholders, inform DIFS Insurance Licensing staff in writing.

Yes. If you are going to cease acting as a PFC, please mail a signed letter requesting the surrender of the license, along with the original license to DIFS.

Yes. To request a duplicate PFC license, submit an email request to DIFS-LicensingORE@michigan.gov using PFC Duplicate License as the subject line. In the body of the email, provide the exact name of the PFC, the PFC’s 7-digit Michigan System ID number if known, and the PFC’s mailing address for verification. The license will be mailed to the mailing address. Please allow up to three weeks for receipt. Note that only active license holders may receive a duplicate PFC license. A PFC license cannot be sent via fax or as an email attachment.

No payment is required for a duplicate PFC license.

If you do NOT need a duplicate PFC license and only need to check the status of a PFC, use the DIFS Locator. The license status of a PFC can be viewed and printed via the Locator: DIFS Locators . Information on the Locator is updated in real-time and can be used as proof of licensure.