The Minnesota Commissioner of Insurance
is a state executive position in the Minnesota state government housed within the Department of Commerce. The Commissioner's office is tasked with ensuring consumers and industry are treated fairly in regards to all insurance transactions.
The current officeholder is Michael Rothman. He assumed office January 12, 2011.
Per 15.06 of the Minnesota Statutes, the governor appoints the Commissioner of Commerce with the consent of the Senate. The commissioner serves at the pleasure of the governor. His or her term expires at the end of the governor's term or if the governor vacates office.
The commissioner is responsible for consumer protection, regulation of financial service industries including insurance, state-chartered banks, credit unions, securities, and real estate. The Department licenses franchises, collection agencies, and currency exchanges.
The commerce department is also responsible for enforcement of Public Utilities Commission (PUC) rules and orders, regulation of natural gas and electric public utilities, energy conservation standards and information programs, low-income home energy assistance and weatherization, regulation of telephone companies, the administration of Telecommunications Access Minnesota (TAM), petrofund, and unclaimed property programs.
- See also: Compensation of state executive officers
In 2012, the commissioner was paid an estimated $97,217. This figure comes from the Council of State Governments.
In 2010, the Minnesota Commissioner of Insurance was paid an estimated $97,217 according to the Council of State Governments.
Minnesota Department of Commerce
85 7th Place East, Suite 500
St. Paul, MN 55101
Commissioner Mike Rothman's Office
- ↑ Minnesota Department of Commerce, "Insurance Gateway," accessed October 1, 2011
- ↑ 2.0 2.1 2.2 Minnesota Department of Insurance "Biography" Accessed December 20, 2012
- ↑ Minnesota Statutes, "15.06 APPOINTMENT OF DEPARTMENT HEADS; TERMS; DEPUTIES," accessed October 1, 2011
- ↑ The Council of State Governments,"The Book of States 2010 Table 4.11," retrieved June 21, 2011