Financial Services
Golden Chariot FinancialFind BBB Accredited Businesses in Financial Services.
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Government Actions
Department of Insurance and Financial Services case 23-17153
The following describes a government action that has been resolved by either a
settlement or a decision by a court or administrative agency. If the matter is being
appealed, it will be noted below.
On July 19, 2023, The State of Michigan, Department of Insurance and Financial
Services (DIFS), issued a Final Decision regarding the actions of Golden Chariot
Financial LLC (Respondent).
According to the Final Decision, DIFS received information that Respondent failed to
register an individual licensed producer to serve as the Designated Responsible License
Producer (DRLP) for the agency. DIFS issued a Notice of Opportunity to Show
Compliance on February 3, 2023, informing Respondent that failure to designate a new
DRLP or to show continuous compliance with the DRLP requirement would result in
further compliance action, including revocation of the agency license. Respondent
failed to reply.
On May 8, 2023, DIFS issued an Administrative Complaint and Opportunity for Hearing
which was served upon Respondent at the address it is required to maintain with DIFS.
On June 23, 2023, DIFS filed a Motion for Final Decision. Respondent failed to reply to
this motion.
As a result, a Final Order was issued on July 19, 2023. Based upon Respondent’s
conduct and the applicable law, it is ordered that:
1) Respondent shall cease and desist from violating the Code.
2) Respondent shall immediately cease and desist from engaging in the business of
insurance.
3) Respondent Golden Chariot Finalcial LLC’s insurance provider license (System ID
No. 0117150) is Revoked.
For a copy of the actual Final Action, go to https://www.michigan.gov/difs/-
/media/Project/Websites/difs/FD/2023/July/Golden_Chariot_23-
17153.pdf?rev=56c64accffd24476955e277b2a6d25fb
Service Area
- Grand Haven, MI
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