Appropriations: department of insurance and financial services; appropriations for fiscal year 2025-2026; provide for. Creates appropriation act.

SB 178 is a funding bill that allocates $77.29 million for Michigan's Department of Insurance and Financial Services for the 2025-2026 fiscal year. It provides specific budget line items for department operations, insurance regulation, consumer protection services, and information technology systems. The funding comes primarily from fees collected by the department (like insurance licensing fees and bank fees), with minor federal and interdepartmental support. This bill does not create new regulations or policies but ensures the department has the resources to continue its existing oversight of insurance companies and financial services within Michigan.