Independent Insurance Agents v. Commissioner of Michigan Financial Institutions Bureau

On February 16, 1984, defendant Commissioner of the Michigan Financial Institutions Bureau (Commissioner) issued an order allowing defendant Three Rivers Savings & Loan Association (Three Rivers) to purchase an insurance agency through a wholly-owned service corporation. Plaintiff Independent Insurance Agents of Michigan (HAM) filed suit against defendants, claiming the Commissioner’s order was unlawful and seeking to prevent the approval and acquisition from taking effect.

At the May 16, 1984, hearing before the circuit court, plaintiff argued that the Commissioner’s determination that Three…