|North Carolina Commissioner of Insurance|
Morgan ran for North Carolina Commissioner of Insurance in 2012. He faced Mike Causey and James McCall in the Republican primary on May 8. Since no candidate won 40% of the vote, the top two vote-getters, Morgan and Causey, went head-to-head in a runoff election held on July 17. Morgan lost the runoff to Causey. Incumbent Wayne Goodwin was unopposed in the Democratic primary. The general election took place on November 6, 2012.
|North Carolina Insurance Commissioner, Republican Primary, 2012|
|Election Results Via: The North Carolina Board of Elections|
In an essay to the Charlotte Observer, Morgan stated:
"There are three problems at the Department of Insurance: Too much politics, too much bureaucracy and too much spending. First, as I did as Speaker of the House, I will fight to cut the bureaucracy. Second, let’s get politics out of setting insurance rates. It’s time to get needless insurance mandates off the backs of business and out of the way of creating jobs. I have hands-on experience in putting together North Carolina State Budgets ranging from $9 billion to $19 billion."
He went on to say, "I believe competition and free markets work best to hold down insurance costs. I also believe we have had enough Obama spending, enough Obama care and enough of our go-along-with-Obama Commissioner of Insurance. My private business experience on behalf of the consumer and my public service in the executive and legislative branches of state government give me the experience to run the Department of Insurance efficiently and effectively."