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

Katharine Wade.jpg
Name:  Katharine Wade
Assumed office:  March 2015
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 Katharine Wade, who was appointed by Governor Dan Malloy (D) on March 23, 2015. She took office March 24 and her appointment was confirmed by the state senate on April 14. She replaced interim officeholder Anne Melissa Dowling.[1][2][3]

Authority

The office of insurance commissioner is established by state law.[4]

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."[4]

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.[5]

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 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.[6]

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

See also: Connecticut state budget and finances

The budget for the Department of Insurance in the 2012-2013 Fiscal Year was $24,233,560.[7]

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.[8]

2013

In 2013, the commissioner received a salary of $143,000, according to the Council of State Governments.[9]

2012

In 2012, the commissioner received a salary of $143,000, according to the Council of State Governments.

Historical officeholders

List of Former Officeholders from 1867-Present
# Name Took office Left office
1 Benjamin Noyes 1867 1871
2 George S. Miller 1872 1874
3 John W. Stedman 1875 1880
4 John W. Brooks 1881 1883
5 E. Williams 1884 1886
6 Orsamus R. Fyler 1887 1893
7 Burton Mansfield 1894 1895
8 Frederick A. Betts 1896 1899
9 Edwin L. Scofield 1900 1902
10 Theron Upson 1903 1907
11 Theodore H. Macdonald 1908 1911
12 Burton Mansfield 1912 1923
13 Howard P. Dunham 1924 1935
14 John C. Blackall 1936 1942
15 W. Ellery Allyn 1943 1954
16 Thomas J. Spellacy 1954 1957
17 Alfred N. Premo 1957 1963
18 William R. Cotter 1963 1970
19 Paul B. Altermatt 1971 1973
20 Thomas C. White 1974 1974
21 Jay W. Jackson 1975 1976
22 T.F. Gilroy Daly 1977 1977
23 Joseph C. Mike 1977 1981
24 Peter W. Gillies 1983 1987
25 Robert F. Kelly 1988 1989
26 Robert R. Googins 1990 1993
27 William J. Gilligan 1993 1994
28 George M. Reider, Jr. 1994 1999
29 Susan F. Cogswell 1999 2007
30 Thomas R. Sullivan 2007 2010
31 Barbara C. Spear 2010 2011
32 Thomas Leonardi 2011 2014
33 Anne Melissa Dowling 2014 2015
34 Katharine Wade 2015 present

Recent news

This section displays the most recent stories in a Google news search for the terms "Connecticut Commissioner Insurance Wade."

Some of the stories below may not be relevant to this page due to the nature of Google's news search engine.

Connecticut Commissioner of Insurance - Google 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