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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 their office, regulate the insurance industry. The powers granted to the office of an insurance commissioner differ in each state.
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 Washington State Office of the Insurance Commissioner was created in 1889–90, and became a separate agency in 1907 with an elected commissioner. [1] The current commissioner is Mike Kreidler, a Democrat first elected in 2000 and reelected five times.
The state’s insurance commissioner also used to hold the role of state fire marshal, but that was changed by lawmakers last year — a move current commissioner Causey strongly opposed.
The Commissioner is supposed to represent the people, not the insurance companies, to ensure we have a vibrant marketplace of insurance options, at reasonable prices.
Morale is low and vacancies are up at the Department of Insurance due to low wages and poor leadership — not surprising given reports of the commissioner’s politically motivated use of ...
The California insurance commissioner has been an elected executive office position in California since 1991. Prior to that time, the insurance commissioner was appointed by the governor. The officeholder is in charge of the California Department of Insurance. The current insurance commissioner is Democrat Ricardo Lara.
The first commissioner of insurance was to be appointed to two-year terms, though the legislature selected the first commissioner; the day the insurance department was created, the legislature elected James R. Young to the commissionership. [2] That year a law was passed making the insurance commissioner ex officio the State Fire Marshal. [3]