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These letters frequently begin with the salutation "Dear Colleague". The length of such correspondence varies, with a typical "Dear Colleague" running one to two pages. [7] "Dear Colleague" letters have also been used by a number of executive agencies, often to make statements on policy or to otherwise disseminate information. [8] [9] [10]
Honorable Commissioner State of Domicile Insurance Department State of Domicile Dear Honorable Commissioner: During the audit completed for the year ended December 31, 20XX, for XYZ Holding Company Inc (“XYZ”), a material weakness was noted in XYZ’s internal control over financial reporting related to the calculation of insurance reserves.
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.
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 first state commissioner of insurance was appointed in New Hampshire in 1851 and the state-based insurance regulatory system grew as quickly as the insurance industry itself. [4] Prior to this period, insurance was primarily regulated by corporate charter, state statutory law and de facto regulation by the courts in judicial decisions.
Tens of thousands of customers of Florida's state-owned Citizens Property Insurance Corp. are getting a stunning surprise in their mailboxes. It’s a letter from Citizens’ “Depopulation Unit ...
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 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 ...