Kentucky Commissioner of Insurance

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Kentucky Commissioner of Insurance
General information
Office Type:  Non-partisan
Office website:  Official Link
2013 FY Budget:  $45,840,500
Term limits:  None
Structure
Length of term:   4 years
Authority:  Kentucky Revised Statutes 304.2-010
Selection Method:  Appointed
Current Officeholder

Sharon Clark.gif
Name:  Sharon Clark
Assumed office:  July 16, 2008
Compensation:  $100,217
Other Kentucky Executive Offices
GovernorLieutenant GovernorSecretary of StateAttorney GeneralTreasurerAuditorCommissioner of EducationAgriculture CommissionerInsurance CommissionerNatural Resources CommissionerLabor Cabinet SecretaryPublic Service Commission
The Kentucky Director of Insurance is a state executive position in the Kentucky state government and serves as head of the Department of Insurance.

Responsibilities of the Commissioner include "protecting the public through regulation of Kentucky's insurance market by reviewing actions of all licensees for compliance with the insurance laws and regulations of the state, monitoring the financial solvency of insurers, promoting viable insurance markets, and making certain that insurance consumers are treated fairly and equitably."[1]

Current officeholder

The current officeholder is Sharon Clark. She was first appointed to the position in July 2008.[2]

Authority

The Department of Insurance is established in the Kentucky Revised Statutes.

Kentucky Revised Statutes 304.2-010:

There is continued within the Public Protection Cabinet a department to be known as the Department of Insurance.

Qualifications

Note: Ballotpedia's state executive officials project researches the constitutional or statutory text that establishes the requirements necessary to qualify for a state executive office. That information for the Kentucky Commissioner of Insurance has not yet been added. After extensive research we were unable to identify any relevant information on state official websites. If you have any additional information about this office for inclusion on this section and/or page, please email us.

Appointments

Kentucky state government organizational chart

The Kentucky Director of Insurance is appointed by the governor with the consent of the Senate for a term not to exceed four years.[3][4]

Vacancies

Note: Ballotpedia's state executive officials project researches the constitutional or statutory text that details the process of filling vacancies for a state executive office. That information for the Kentucky Commissioner of Insurance has not yet been added. After extensive research we were unable to identify any relevant information on state official websites. If you have any additional information about this office for inclusion on this section and/or page, please email us.

Duties

The general powers and duties of the Commissioner as set out in the Kentucky Revised Statutes are as follows:[5]

  • Personally supervise the operations of the department
  • Examine and inquire into violations of the insurance code, enforce the provisions of the code with impartiality and execute the duties imposed upon him or her by the code
  • Conduct examinations and investigations of insurance matters
  • Establish and maintain branch offices in the state

Divisions

The Kentucky Revised Statutes establish the following divisions of the Department of Insurance:[4]

  • Property and Casualty Division
  • Health and Life Division
  • Division of Financial Standards and Examination
  • Division of Agent Licensing
  • Division of Insurance Fraud Investigation
  • Consumer Protection Division
  • Division of Kentucky Access

State budget

The Department of Insurance's budget for fiscal year 2013 was $45,840,500.[6]

Compensation

See also: Compensation of state executive officers

2013

In 2013, the commissioner received a salary of $100,217. This figure comes from the Council of State Governments.[7]

2012

In 2012, the Kentucky Director of Insurance was paid an estimated $100,217 according to the Council of State Governments.

Historical officeholders

Note: Ballotpedia's state executive officials project researches state official websites for chronological lists of historical officeholders. That information for the Kentucky Commissioner of Insurance has not yet been added because the information was unavailable on the relevant state official websites, or we are currently in the process of formatting the list for this office. If you have any additional information about this office for inclusion on this section and/or page, please email us.

Recent news

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Kentucky Commissioner of Insurance News Feed

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Contact information

Kentucky Department of Insurance
215 West Main St
Frankfort, KY 40601
Phone: 502-564-3630

Commissioner's Office
Phone : 502-564-3630
Fax : 502-564-1453
Email: Sabrina.Sandoval@ky.gov

See also

External links

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References