The Delaware Insurance Department consists of 5 divisions – the Bureau of Captive & Financial Insurance Products, Bureau of Company Examination, Rehabilitation & Guaranty, Consumer Services & Investigations Division, Fraud Prevention Bureau, and the Producer Licensing & Continuing Education Division. The workplace consists of seven branches to oversee the insurance business: Financial Surveillance and Examination, Compliance and Enforcement, Licensing, Rate and Policy Analysis, Captive Insurance, Insurance Fraud Investigation, and Medical insurance. The Kentucky Department of Insurance includes a large number of divisions and packages, including: Administrative Services, Agent Licensing, Communications and Public Outreach, Consumer Protections, Commissioner’s Office, Financial Standards and Examinations, Health and Life, Information Technology, Insurance Fraud Investigation, Legal Services, Market Conduct Regulation, Property and Casualty, and Kentucky Medical health insurance Advocate. Neither the commissioner nor any deputy or worker shall throughout his or their tenure of workplace be an officer, agent or worker of an insurer or immediately or indirectly desirous about any insurer or licensee underneath this code, except (a) as a policyholder, or, (b) by advantage of relationship by blood or marriage to any individual thinking about any insurer or licensee. Nevertheless he became informally known as the football commissioner until 1970 when the merger was finalized and the AFL was fully absorbed into the NFL.
Renamed the State Insurance Department in 1878, it changed to the division of Labor, Licensing and Regulation Department in 1970. In 1993 the final Assembly created an impartial Maryland Insurance Administration. While the Idaho Department of Insurance didn’t exist until 1911, the workplace of Insurance Commissioner was created in 1901. Prior to 1901, insurance firms have been licensed via the overall companies legislation. Because of the passage of Proposition 103 in 1988, the elected office of the California Insurance Commissioner was created in 1991. Previously, the position was held by a person appointed by the Governor. Colorado began regulating insurance coverage although the workplace of the state auditor in 1883. It was not till the Administrative Organization Act of 1968 that the Department of Regulatory Agencies was created. Duties include strictly regulating insurance coverage corporations, licensing insurance companies, learning financial situations and market conduct of insurance firms, regulating insurance charges and packages, licensing sellers, and handling insurance complaints. Post was gen erated by GSA Content Generato r DE MO!
The Connecticut Department of Insurance has six fundamental duties – licensing insurance coverage companies, regulating insurance coverage types, charges and programs, licensing insurance producers, examining the monetary situation of insurance coverage companies, and handling insurance complaints. The duties of the Kansas Department of Insurance embody regulating and reviewing firms, educating shoppers, helping consumers, and licensing brokers. To guard consumers by providing assistance and data, by effectively regulating the insurance coverage trade’s market conduct and monetary solvency, and by fostering a competitive insurance marketplace. Ten divisions make up the Louisiana Department of Insurance – Consumer Advocacy, Public Affairs, Receivership, Financial Solvency, Licensing & Compliance, Medical health insurance, Property & Casualty, Legal Services, Minority Affairs, and Management & Finance. Together with insurance coverage, the company additionally contains divisions on banking, civil rights, consumer affairs, monetary providers, public utilities, actual estate, registrations, and securities. The Insurance Department in Michigan consists of the next divisions: Administrative Services, Consumer Services, Enterprise Monitoring, Bank & Trust, Credit Union, Licensing & Product Review, Securities, Health Plans, Policy, and Supervisory Affairs and Insurance Monitoring. The duties of the place fluctuate from state to state, but their general role is as a consumer protection advocate and insurance coverage regulator.
The insurance commissioner is a state-level place in all 50 states. Five states held scheduled insurance commissioner elections within the 2012 electoral cycle: Delaware, Montana, North Carolina, North Dakota and Washington. Four states held often scheduled insurance commissioner elections within the 2014 electoral cycle: California, Georgia, Kansas and Oklahoma. The 12 states during which the place is partisan embrace the 11 states the place the insurance commissioner is elected, in addition to Ohio. Although insurance commissioners are appointed in nearly all of states, eleven states hold partisan elections for the office. Of the 12 states the place the insurance commissioner has a partisan affiliation, the office is held by a Democrat in three and a Republican in 9. The place of insurance commissioner is generally a department administrator, although the duties of the departments by state influence the work that is overseen. Possible candidates for the position are selected by the Advisory Committee on Vice-Regal Appointments. Incumbents are bolded and underlined. Incumbents Mike Chaney (R) of Mississippi and James Donelon (R) of Louisiana had been re-elected.