Connecticut Commissioner of Insurance

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Connecticut Commissioner of Insurance
General information
Office Type:  Nonpartisan
Office website:  Official Link
2012-2013 FY Budget:  $24,233,560
Term limits:  None
Structure
Length of term:   4 years
Authority:  General Statutes of Connecticut, 38a-697-7
Selection Method:  Appointed by the governor
Current Officeholder

Thomas Leonardi.jpg
Name:  Thomas Leonardi
Assumed office:  February 4, 2011
Compensation:  $143,000
Other Connecticut Executive Offices
GovernorLieutenant GovernorSecretary of StateAttorney GeneralTreasurerComptrollerCommissioner of EducationAgriculture CommissionerInsurance CommissionerEnergy & Environmental Protection CommissionerLabor CommissionerPublic Utilities Regulatory Authority
The Connecticut Commissioner of Insurance is an executive officer in the Connecticut state government. The commissioner is head of the Connecticut Insurance Department, which regulates the state's insurance industry.

Current officeholder

The current commissioner is Thomas Leonardi, who was appointed to the position by Governor Dan Malloy on February 4, 2011, and took office on March 1.

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

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

Connecticut state government organizational chart

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

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

State budget

The budget for the Department of Insurance in the 2012-2013 Fiscal Year was $24,233,560.[4]

Compensation

See also: Compensation of state executive officers

The Connecticut Commissioner of Insurance's salary is determined by law.

2014

In 2014, the commissioner received a salary of $143,000, according to the Council of State Governments.[5]

2013

In 2013, the commissioner received a salary of $143,000. This figure comes from the Council of State Governments.[6]

2012

In 2012, the Connecticut Insurance Commissioner was paid an estimated $143,000. This figure comes from the Council of State Governments.

Historical officeholders

Click "show" for former officeholders.[7]

Recent news

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All stories may not be relevant to this page due to the nature of the search engine.

Connecticut Commissioner of Insurance Leonardi News Feed

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Contact info

Address:
153 Market Street, 7th Floor
Hartford, CT 06103
Phone: (860) 297-3800

See also

External links

References