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Connecticut Commissioner of Insurance
From Ballotpedia
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Current officeholder
The current commissioner is Thomas Leonardi, who was appointed to the position by Governor Dan Malloy on February 4, 2011.
Before becoming commissioner, Leonardi was chairman and CEO of a venture capital company in Hartford, CT, which he had run since 1989. He holds a B.A. in History from Boston University and a J.D. from the University of Connecticut.
Authority
The office of insurance commissioner is established by state law.[1]
General Statutes of Connecticut, 38a-697-7
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In accordance with the provisions of sections 4-5 to 4-8, inclusive, the Governor shall appoint some suitable person, not a director, officer or agent of an insurance company, to be Insurance Commissioner. |
Qualifications
State law only requires that the commissioner be a "suitable person" and "not a director, officer, or agent of an insurance company."[1]
Appointments
Insurance commissioners are appointed by the governor subject to confirmation by the state legislature. The commissioner serves at the governor's pleasure for four year terms beginning on the first day of March in the year of his appointment.[2]
General Statutes of Connecticut, 4-46-6
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the Governor shall, with the advice and consent of either house of the General Assembly, appoint each department head in the manner prescribed by section 4-7 and section 4-8, to serve at the pleasure of the Governor but no longer than four years from the first day of March in the year of his appointment, unless reappointed under the provisions of said sections. |
Term limits
There are no term limits associated with the office of insurance commissioner.
Vacancies
As with all state appointive offices, vacancies in the office of insurance commissioner are filled by the governor and approved by a majority vote in both houses of the state legislature. If a vacancy occurs while the legislature is not in session, the governor may appoint a replacement to serve until the sixth Wednesday of the next legislative session.[3]
Duties
The insurance commissioner's office regulates the state's insurance industry. It must approve all rate increases, forms, rules and changes in program procedures and it licenses insurance providers to operate in the state. The commissioner also supervises the financial condition of insurance companies to ensure their solvency and the "market conduct" of companies. He also deals with complaints against companies for illegal conduct or regulatory noncompliance.
Divisions
- Financial Regulation
- Life & Health
- Property & Casualty
- Licensing Unit
- Financial Regulation
- Market Conduct
- Consumer Affairs
Compensation
In 2010, the insurance commissioner received compensation in the amount of $110,388.[4] His salary is determined by law.
Contact info
Address:
153 Market Street, 7th Floor
Hartford, CT 06103
Phone: (860) 297-3800
See also
External links
References
- ↑ 1.0 1.1 General Statutes of Connecticut, "38a-697-7," accessed July 27, 2011.
- ↑ General Statutes of Connecticut, "4-46-6," accessed July 27, 2011.
- ↑ General Statutes of Connecticut, "4-46-7," accessed July 27, 2011.
- ↑ The Council of State Governments, "Book of the States 2010 - Table 4.11," accessed July 25, 2011.
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