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The NAIC is not a regulator; while its members are the insurance commissioners (i.e., the chief insurance regulators) of each U.S. state and six territories, [1] the NAIC is a non-governmental organization that concerns itself with insurance regulatory matters but does not actually regulate. The states have not delegated their regulatory ...
The Louisiana Insurance Commissioner is a statewide constitutional office that regulates the insurance industry in Louisiana.The Insurance Commissioner serves as the head of the Louisiana Department of Insurance, which consists of ten divisions; Consumer Advocacy, Financial Solvency, Health Insurance, Legal Services, Licensing & Compliance, Minority Affairs, Management & Finance, Public ...
The NAIC internal designation for the Annual Financial Reporting Model Regulation is MDL 205, where MDL stands for Model, and the number of the model rule is 205. [4] Because the regulation was issued by NAIC, which is not a federal agency with direct regulatory power, its adoption is on a state-by-state basis.
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 February 2023, the Louisiana Legislature allocated $45 million to the Insure Louisiana Incentive Program, aiming to stabilize the homeowners insurance market and encourage new insurers to enter ...
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Temple graduated from DeRidder High School in DeRidder, Louisiana, and Southern Methodist University. After graduating, he became an insurance agent. [1] He became the president of Temptan, a family-owned company. [2] In 2019, Temple ran against Jim Donelon for Louisiana Insurance Commissioner in the 2019 election. Donelon won reelection. [3]