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Alaska Director of Insurance
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Current officeholder
The current director of insurance is Bret S. Kolb. Kolb was appointed on May 29, 2012 to replace Linda Hall.[1]
Authority
The authority of the director of insurance derives from statute, which states that the director of the Division of Insurance is appointed by the commissioner of commerce, community, and economic development.[2]
Alaska Statutes, Title 21, Chapter 6, Section 10
| The commissioner of commerce, community, and economic development shall appoint the director, division of insurance, Department of Commerce, Community, and Economic Development. The director serves at the pleasure of the commissioner. |
Qualifications
State law does not require any particular qualifications of the director of insurance.
Appointments
The director is appointed by the commissioner of commerce, community, and economic development.[2]
Term limits
There are no term limits specified for the director of insurance.
Vacancies
Alaska law does not prescribe any particular procedure for dealing with vacancies. It is the commissioner of commerce, community, and economic development's responsibility to appoint a new director.
Duties
The mission of the Division of Insurance is to "assure competitive, viable, ethical, and lawful insurance is available to all Alaskans." The division licenses insurance providers, adjusters and brokers and examines their records to ensure compliance. It also produces educational materials for consumers and annual reports on insurance companies operating in the state. The director and his office are empowered to establish regulations, such as limitation of risk, to ensure the financial health of insurance companies and supervise their business practices. Some of the regulations the Division of Insurance enforces are established by the legislature itself, which are outlined in Title 21 of the Alaska Statutes.
Additionally, the director plays an important role in the Alaska government's reaction to natural disasters by determining whether a catastrophe has occurred for insurance purposes. He or she may also take extraordinary measures to license insurance adjusters, etc., to ensure companies speedily address and pay out claims following a disaster.
Compensation
- See also: Compensation of state executive officers
In 2012, the Alaska Director of Insurance was paid an estimated $124,128. This figure comes from the Council of State Governments.
Contact info
Address:
333 Willoughby Avenue, 9th Floor
Juneau, AK 99811
Phone: (907) 465-2515
Fax: (907) 465-3422
See also
External links
References
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