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.
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]
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]
As of January 8, 2024[update], the various insurance commissioners are:[5]
State insurance commissioners in the United States | |
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AL Jim L. Ridling AK Lori K. Wing-Heier AZ Keith Schraad AR Allen W. Kerr Michael Conway CT Andrew N. Mais FL David Altmaier GA John F. King HI Colin M. Hayashida ID IL Jennifer Hammer IN Stephen W. Robertson IA Doug Ommen KY Nancy G. Atkins ME Eric A. Cioppa MA Gary D. Anderson MI Anita G. Fox MN MO Chlora Lindley-Myers NE Bruce R. Ramge NV Barbara D. Richardson NH John Elias NM John G. Franchini NY Linda A. Lacewell NC OH Jillian Froment OR Andrew Stolfi PA Jessica Altman RI Elizabeth Kelleher Dwyer SC Raymond G. Farmer SD Larry Deiter TN Julie Mix McPeak TX Kent Sullivan UT Todd E. Kiser VT Michael S. Pieciak VA Scott A. White WV James A. Dodrill Nathan Houdek WY Tom Glause Federal districts: DC Stephen C. Taylor Territories: AS Peter Fuimaono GU Dafne Mansapit-Shimizu MP Mark O. Rabauliman PR Javier Rivera Rios |