Insurance commissioner

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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 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.

Contents

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, protect the solvency of insurance companies, prevent unfair practices by insurance companies, and ensure availability of insurance coverage. [3] In order to accomplish these goals, each state grants several powers to insurance commissioners and their offices, including: [4]

List of current insurance commissioners

As of January 8,2024, the various insurance commissioners are: [5]

State/territoryNameTitleName of OfficeElected/Appointed
Alabama Jim L. RidlingCommissioner Alabama Department of Insurance Appointed
Alaska Lori K. Wing-HeierDirector Alaska Division of Insurance Appointed
American Samoa Peni 'Ben' Itula Sapini TeoCommissioner Office of the Governor Appointed
Arizona Evan DanielsInterim Director Arizona Department of Insurance Appointed
Arkansas Alan McClainCommissioner Arkansas Insurance Department Appointed
California Ricardo Lara Commissioner California Department of Insurance Elected
Colorado Michael ConwayCommissioner Colorado Division of Insurance Appointed
Connecticut Andrew N. MaisCommissioner Connecticut Insurance Department Appointed
Delaware Trinidad Navarro Commissioner Delaware Department of Insurance Elected
District of Columbia Karima WoodsCommissioner District of Columbia Department of Insurance, Securities, and Banking Appointed
Florida David AltmaierCommissioner Florida Office of Insurance Regulation Appointed
Georgia John F. King Commissioner Office of Insurance and Safety Fire Commissioner Elected
Guam Michelle SantosCommissioner Guam Department of Revenue and Taxation Appointed
Hawaii Colin M. HayashidaCommissioner Hawaii Insurance Division Appointed
Idaho Dean Cameron Director Idaho Department of Insurance Appointed
Illinois Dana Popish SeveringhausDirector Illinois Department of Insurance Appointed
Indiana Amy L. BeardCommissioner Indiana Department of Insurance Appointed
Iowa Doug OmmenCommissioner Iowa Insurance Division Appointed
Kansas Vicki Schmidt Commissioner Kansas Insurance Department Elected
Kentucky Sharon ClarkCommissioner Kentucky Department of Insurance Appointed
Louisiana Tim Temple Commissioner Louisiana Department of Insurance Elected
Maine Eric A. CioppaSuperintendent Maine Bureau of Insurance Appointed
Maryland Kathleen BirraneCommissioner Maryland Insurance Administration Appointed
Massachusetts Gary D. AndersonCommissioner Massachusetts Division of Insurance Appointed
Michigan Anita G. FoxDirector Michigan Department of Insurance and Financial Services Appointed
Minnesota Grace ArnoldCommissioner Minnesota Department of Commerce Appointed
Mississippi Mike Chaney Commissioner Mississippi Insurance Department Elected
Missouri Chlora Lindley-MyersDirector Missouri Department of Insurance, Financial Institutions and Professional Registration Appointed
Montana Troy Downing Commissioner Montana Office of the Commissioner of Securities and Insurance Elected
Nebraska Bruce R. RamgeDirector Nebraska Department of Insurance Appointed
Nevada Barbara D. RichardsonCommissioner Nevada Division of Insurance Appointed
New Hampshire Chris NicolopoulosCommissioner New Hampshire Insurance Department Appointed
New Jersey Marlene Caride Commissioner New Jersey Department of Banking and Insurance Appointed
New Mexico Russell ToalSuperintendent New Mexico Office of Superintendent of Insurance Appointed
New York Linda A. LacewellActing Superintendent New York State Department of Financial Services Appointed
North Carolina Mike Causey Commissioner Commissioner of Insurance Elected
North Dakota Jon Godfread Commissioner North Dakota Insurance Department Elected
Northern Mariana Islands Mark O. RabaulimanCommissionerOffice of the Insurance CommissionerAppointed
Ohio Judith L. French Director Ohio Department of Insurance Appointed
Oklahoma Glen Mulready Commissioner Oklahoma Insurance Department Elected
Oregon Andrew StolfiCommissioner Oregon Insurance Division Appointed
Pennsylvania Jessica AltmanCommissioner Pennsylvania Insurance Department Appointed
Puerto Rico Mariano Mier RomeuCommissionerOffice of the Commissioner of InsuranceAppointed
Rhode Island Elizabeth Kelleher DwyerSuperintendent Rhode Island Division of Insurance Appointed
South Carolina Raymond G. FarmerDirector South Carolina Department of Insurance Appointed
South Dakota Larry DeiterDirector South Dakota Division of Insurance Appointed
Tennessee Carter LawrenceCommissioner Tennessee Department of Commerce and Insurance Appointed
Texas Doug SlapeCommissioner Texas Department of Insurance Appointed
Utah Joanathan PikeCommissioner Utah Insurance Department Appointed
U.S. Virgin Islands Tregenza Roach Lt. Governor/ CommissionerDivision of Banking and InsuranceElected
Vermont Kevin GaffneyCommissioner Vermont Department of Financial Regulation Appointed
Virginia Scott A. WhiteCommissioner Virginia Bureau of Insurance Appointed
Washington Mike Kreidler Commissioner Washington Office of the Insurance Commissioner Elected
West Virginia James A. DodrillCommissioner West Virginia Offices of the Insurance Commissioner Appointed
Wisconsin Nathan HoudekCommissioner Wisconsin Office of the Commissioner of Insurance Appointed
Wyoming Jeff RudeCommissioner Wyoming Insurance Department Appointed

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References

  1. "State Commissioners - 2014" (PDF). naic.org. NAIC. Retrieved August 18, 2015.
  2. "About the National Association of Insurance Commissioners (NAIC)". www.naic.org. Retrieved August 18, 2015.
  3. Kimball, Spencer (1961). "The Purpose of Insurance Regulation: A Preliminary Inquiry in the Theory of Insurance Law". heinonline.org. Retrieved August 18, 2015.
  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 June 11, 2015.
  5. "National Association of Insurance Commissioners Membership List" (PDF). www.naic.org. NAIC. March 23, 2021. Retrieved March 23, 2021.