Difference between revisions of "Alabama Commissioner of Insurance"
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The budget for the Department of Insurance in Fiscal Year 2012-2013 was $19,980,591.<ref>[http://budget.alabama.gov/pdf/gf/GF2013.pdf ''Alabama Government Website'' "State of Alabama General Fund, 2013 FY Appropriations," accessed March 29, 2013]</ref>
The budget for the Department of Insurance in Fiscal Year 2012-2013 was $19,980,591.<ref>[http://budget.alabama.gov/pdf/gf/GF2013.pdf ''Alabama Government Website''"State of Alabama General Fund, 2013 FY Appropriations," accessed March 29, 2013]</ref>
Latest revision as of 07:20, 6 May 2014
|Alabama Commissioner of Insurance|
|Office website:||Official Link|
|2013 FY Budget:||$19,980,591|
|Length of term:||Serves a term concurrent with appointing governor|
|Authority:||Code of Alabama, Section 27-2-2|
|Selection Method:||Appointed by Governor|
|Assumed office:||September 15, 2008|
|Other Alabama Executive Offices|
|Governor • Lieutenant Governor • Secretary of State • Attorney General • Treasurer • Auditor • Superintendent of Education • Agriculture Commissioner • Insurance Commissioner • Natural Resources Commissioner • Labor Commissioner • Public Service Commission|
The current commissioner of insurance is Jim Ridling, who was first appointed to his office on September 15, 2008 and reappointed on January 17, 2011. As the commissioner of insurance serves his term concurrent with the governor that appointed him, Ridling will next come up for reappointment on January 19, 2015, when the next gubernatorial term begins.
Before becoming insurance commissioner, Ridling was President and CEO of Southern Guaranty Insurance Co. Before that, he was Executive Vice President of U.S. Operations at Fireman's Fund Insurance.
The commissioner of insurance's authority derives from Alabama statute.
Code of Alabama, Section 27-2-2
|(a) A Commissioner of Insurance shall be chief executive officer of the [Department of Insurance]. The commissioner shall be appointed by the Governor. He shall serve for a term concurrent with that of the Governor by whom he is appointed, or for the unexpired portion thereof.|
Alabama law requires that the commissioner be "selected with special reference to his training, experience and capacity," and that he not be a candidate for any elected office. The commissioner, before taking his oath of office, is also required to submit a $50,000 penal bond to the secretary of state.
Code of Alabama, Section 27-2-2
|(b) The commissioner shall be selected with special reference to his training, experience and capacity. He shall not be a candidate for, nor hold, any other public office of trust nor be a member of any political committee. If he becomes a candidate for public office or becomes a member of a political committee, his office as commissioner shall be immediately vacated.|
The commissioner of insurance is appointed by the governor and serves a term concurrent with his.
Alabama law does not establish any term limits for the office.
Alabama statute does not prescribe a particular procedure for vacancies in the office of insurance commissioner. As all commissioners of insurance are appointed by the governor, he is responsible for naming a new officeholder in the case of a vacancy.
The commissioner of insurance is responsible for overseeing the Department of Insurance, which regulates insurance companies operating in Alabama. His office investigates possible insurance fraud, licenses and tracks the solvency of insurance companies, assists consumers with insurance rating and underwriting, and acts as receiver of delinquent or bankrupt companies.
The commissioner also oversees the state Fire Marshal's Office, which investigates "suspicious fires and explosions," and enforces the state's fire code through building inspections.
The Department of Insurance, overseen by the commissioner of insurance, is divided into a number of divisions:
- Consumer Services
- Fire Marshal
- Information Technology
- Human Resources
- Producer Licensing
- Rates and Forms
The budget for the Department of Insurance in Fiscal Year 2012-2013 was $19,980,591.
- See also: Compensation of state executive officers
The commissioner's salary is determined by the governor "in the same manner as the salaries of other appointive department heads."
Code of Alabama, Section 27-2-4:
The commissioner shall receive such annual salary as fixed by the Governor in the same manner as the salaries of other appointive department heads. Such salary shall be payable in the same manner as other state employees are paid.
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201 Monroe St., #1700
Montgomery, AL 36104
PO Box 303351
Montgomery, AL 36130
- National Association of Insurance Commissioners, "Member Bio - Jim L. Ridling," accessed May 24, 2011
- Code of Alabama, "Section 27-2-2," accessed May 24, 2011
- Alabama Department of Insurance, "Bio of Commissioner Jim L. Ridling," accessed May 24, 2011
- Code of Alabama, "Section 27-2-3," accessed May 24, 2011
- Alabama Department of Insurance, "About ALDOI," accessed May 24, 2011
- Alabama Government Website, "State of Alabama General Fund, 2013 FY Appropriations," accessed March 29, 2013
- Code of Alabama, "Section 27-2-4," accessed May 24, 2011