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The state's legislature of 1907 separated the insurance department from the other departments and included the operations of banking regulation, and the commissioner's title changed to Commissioner of Insurance and Banking, served a 2-year term. In 1913 the State Insurance Commission was introduced.
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.
Previously directing the Department of Consumer and Business Services legislative activities, [5] Savage was appointed interim Oregon Insurance Commissioner in October 2011, [3] and May 30, 2012, was named permanently to the post of Insurance Commissioner by Oregon Department of Consumer and Business Services director Patrick Allen.
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Medical Insurance Pool, Oregon (Oregon Department of Consumer and Business Services) Military Department, Oregon; Minority, Women and Emerging Small Business Office (Oregon Department of Consumer and Business Services) Mortuary and Cemetery Board, State; Motor Carrier Transportation Division (Oregon Department of Transportation)
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 ...
It administers laws and rules governing workers' compensation benefits, workplace safety and health, building codes, and the operation of both insurance companies and financial institutions. The department provides services to both citizens and businesses, and as of 2006, had a budget of US$560 million, and employed a staff of 1,088.
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