Kentucky Commissioner of Insurance
| Kentucky Commissioner of Insurance | |
 | |
| General information | |
| Office Type: | Non-partisan |
| Office website: | Official Link |
| Term limits: | None |
| Structure | |
| Length of term: | 4 years |
| Authority: | Kentucky Revised Statutes 304.2-010 |
| Selection Method: | Appointed |
| Current Officeholder | |
 | |
| Name: | Sharon Clark |
| Assumed office: | July 16, 2008 |
| Compensation: | $100,217 |
| Other Kentucky Executive Offices | |
| Governor • Lieutenant Governor • Secretary of State • Attorney General • Treasurer • Auditor • Commissioner of Education • Agriculture Commissioner • Insurance Commissioner • Natural Resources Commissioner • Labor Cabinet Secretary • Public Service Commission | |
Contents |
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. |
Appointments
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]
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
Compensation
- See also: Compensation of state executive officers
In 2012, the Kentucky Director of Insurance was paid an estimated $100,217 according to the Council of State Governments.
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
References
- ↑ Kentucky Department of Insurance, " Commissioner's Office," accessed December 15, 2012
- ↑ Kentucky Department of Insurance, "Commissioner's office: Sharon P. Clark," accessed June 15, 2012
- ↑ Kentucky Revised Statutes, "12.020 Enumeration of departments, program cabinets, and administrative bodies," accessed December 15, 2012
- ↑ 4.0 4.1 Kentucky Revised Statutes, " 304.2 – 020 Commissioner of insurance," accessed December 15, 2012
- ↑ Kentucky Revised Statutes, " General powers and duties of Commissioner," accessed December 20, 2012
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