August 28, 2019
Department Officially Changes Name to the Department of Commerce and Insurance
Name change was a part of the reorganization of Missouri state agencies
Jefferson City, Mo– During his January 2019 State of the State address, Governor Mike Parson announced his intention to issue executive orders for the purpose of improving economic and workforce development in Missouri. One of those executive orders called for some shifts to better align policy areas in state agencies and to change the name of the Department of Insurance, Financial Institutions and Professional Registration (DIFP) to the Department of Commerce and Insurance (DCI). 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 Department of Commerce and Insurance. These changes became effective today.
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.
“Moving the PSC and OPC to the Department of Commerce and Insurance made good strategic sense,” said Chlora Lindley-Myers, Director of DCI. “We have similar missions and fully understand the regulatory environment. We’re very pleased to welcome our new colleagues to the department.”