Insurance commissioner

An insurance commissioner (or commissioner of insurance) is a public official in the executive branch of a state or territory in the United States who, along with his or her office, regulate the insurance industry. The powers granted to the office of an insurance commissioner differ in each state. The office of an insurance commissioner is established either by the state constitution or by statute. While most insurance commissioners are appointed, in some jurisdictions they are elected.[1] The office of the insurance commissioner may be part of a larger regulatory agency, or an autonomous department.

Insurance law and regulation is established individually by each state. In order to better coordinate insurance regulation among the states and territories, insurance commissioners are members of the National Association of Insurance Commissioners (NAIC).[2]

Duties and powers of insurance commissioners

The purpose of insurance commissioners is to maintain fair pricing for insurance products, protecting the solvency of insurance companies, preventing unfair practices by insurance companies, and ensuring availability of insurance coverage.[3] In order to accomplish these goals, each state grants several powers to insurance commissioners and their offices, including:[4]

  • Approval of insurance rates
  • Periodical financial examinations of insurers
  • Licensing of companies, agencies, agents, and brokers
  • Monitoring and regulating claims handling

List of current insurance commissioners

As of 17 April 2019, the various insurance commissioners are:[5]

State/territoryNameTitleName of OfficeElected/Appointed
AlabamaJim L. RidlingCommissionerAlabama Department of InsuranceAppointed
AlaskaLori K. Wing-HeierDirectorAlaska Division of InsuranceAppointed
American SamoaPeter FuimaonoCommissionerOffice of the GovernorAppointed
ArizonaKeith SchraadInterim DirectorArizona Department of InsuranceAppointed
ArkansasAlan McClainCommissionerArkansas Insurance DepartmentAppointed
CaliforniaRicardo LaraCommissionerCalifornia Department of InsuranceElected
ColoradoMichael ConwayCommissionerColorado Division of InsuranceAppointed
ConnecticutAndrew N. MaisCommissionerConnecticut Insurance DepartmentAppointed
DelawareTrinidad NavarroCommissionerDelaware Department of InsuranceElected
District of ColumbiaStephen C. TaylorCommissionerDistrict of Columbia Department of Insurance, Securities, and BankingAppointed
FloridaDavid AltmaierCommissionerFlorida Office of Insurance RegulationAppointed
GeorgiaJohn F. KingCommissionerOffice of Insurance and Safety Fire CommissionerElected
GuamDafne Mansapit-ShimizuCommissionerGuam Department of Revenue and TaxationAppointed
HawaiiColin M. HayashidaCommissionerHawaii Insurance DivisionAppointed
IdahoDean CameronDirectorIdaho Department of InsuranceAppointed
IllinoisJennifer HammerDirectorIllinois Department of InsuranceAppointed
IndianaStephen W. RobertsonCommissionerIndiana Department of InsuranceAppointed
IowaDoug OmmenCommissionerIowa Insurance DivisionAppointed
KansasVicki SchmidtCommissionerKansas Insurance DepartmentElected
KentuckyNancy G. AtkinsCommissionerKentucky Department of InsuranceAppointed
LouisianaJim DonelonCommissionerLouisiana Department of InsuranceElected
MaineEric A. CioppaSuperintendentMaine Bureau of InsuranceAppointed
MarylandAlfred Redmer Jr.CommissionerMaryland Insurance AdministrationAppointed
MassachusettsGary D. AndersonCommissionerMassachusetts Division of InsuranceAppointed
MichiganAnita G. FoxDirectorMichigan Department of Insurance and Financial ServicesAppointed
MinnesotaSteve KelleyCommissionerMinnesota Department of CommerceAppointed
MississippiMike ChaneyCommissionerMississippi Insurance DepartmentElected
MissouriChlora Lindley-MyersDirectorMissouri Department of Insurance, Financial Institutions and Professional RegistrationAppointed
MontanaMatthew RosendaleCommissionerMontana Office of the Commissioner of Securities and InsuranceElected
NebraskaBruce R. RamgeDirectorNebraska Department of InsuranceAppointed
NevadaBarbara D. RichardsonCommissionerNevada Division of InsuranceAppointed
New HampshireJohn EliasCommissionerNew Hampshire Insurance DepartmentAppointed
New JerseyMarlene CarideCommissionerNew Jersey Department of Banking and InsuranceAppointed
New MexicoJohn G. FranchiniSuperintendentNew Mexico Office of Superintendent of InsuranceAppointed
New YorkLinda A. LacewellActing SuperintendentNew York State Department of Financial ServicesAppointed
North CarolinaMike CauseyCommissionerNorth Carolina Department of InsuranceElected
North DakotaJon GodfreadCommissionerNorth Dakota Insurance DepartmentElected
Northern Mariana IslandsMark O. RabaulimanCommissionerOffice of the Insurance CommissionerAppointed
OhioJillian FromentDirectorOhio Department of InsuranceAppointed
OklahomaGlen MulreadyCommissionerOklahoma Insurance DepartmentElected
OregonAndrew StolfiCommissionerOregon Insurance DivisionAppointed
PennsylvaniaJessica AltmanCommissionerPennsylvania Insurance DepartmentAppointed
Puerto RicoJavier Rivera RiosCommissionerOffice of the Commissioner of InsuranceAppointed
Rhode IslandElizabeth Kelleher DwyerSuperintendentRhode Island Division of InsuranceAppointed
South CarolinaRaymond G. FarmerDirectorSouth Carolina Department of InsuranceAppointed
South DakotaLarry DeiterDirectorSouth Dakota Division of InsuranceAppointed
TennesseeJulie Mix McPeakCommissionerTennessee Department of Commerce and InsuranceAppointed
TexasKent SullivanCommissionerTexas Department of InsuranceAppointed
UtahTodd E. KiserCommissionerUtah Insurance DepartmentAppointed
U.S. Virgin IslandsOsbert PotterLt. Governor/ CommissionerDivision of Banking and InsuranceElected
VermontMichael PieciakCommissionerVermont Department of Financial RegulationAppointed
VirginiaScott A. WhiteCommissionerVirginia Bureau of InsuranceAppointed
WashingtonMike KreidlerCommissionerWashington Office of the Insurance CommissionerElected
West VirginiaJames A. DodrillCommissionerWest Virginia Offices of the Insurance CommissionerAppointed
WisconsinMark AfableCommissionerWisconsin Office of the Commissioner of InsuranceAppointed
WyomingTom GlauseCommissionerWyoming Insurance DepartmentAppointed

References

  1. "State Commissioners - 2014" (PDF). naic.org. NAIC. Retrieved 18 August 2015.
  2. "About the National Association of Insurance Commissioners (NAIC)". www.naic.org. Retrieved 2015-08-18.
  3. Kimball, Spencer (1961). "The Purpose of Insurance Regulation: A Preliminary Inquiry in the Theory of Insurance Law". heinonline.org. Retrieved 2015-08-18.
  4. Randall, Susan (1999). "Insurance Regulation in the United States: Regulatory Federalism and the National Association of Insurance Commissioners" (PDF). Florida State University Law Review. Archived from the original (PDF) on 2015-06-11.
  5. "National Association of Insurance Commissioners Membership List" (PDF). www.naic.org. NAIC. April 18, 2017. Retrieved April 21, 2017.
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