Alaska Director of Insurance
|State executive officials|
The current director of insurance is Linda Hall. She was first appointed on March 3, 2003. As the director serves at the pleasure of the commissioner of commerce, Hall is not subject to reappointment.
Before assuming office, Hall was a commercial insurance broker. She served as chair of the Alaska Workers Compensation Review and Advisory committee, and as president of the Alaska Independent Insurance Agents and Brokers. She also represented Alaska on the Board of Directors of the Independent Insurance Agents & Brokers of America from 1997 to 2003.
Prior to entering the insurance industry, Hall was a high school English teacher. She earned her B.A. from the University of Michigan.
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.
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..|
State law does not require any particular qualifications of the director of insurance.
The director is appointed by the commissioner of commerce, community, and economic development.
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.
The mission of the Division of Insurance is to "assure competitive, viable, ethical, and lawful insurance is available to all Alaskans." To that end, the director is empowered to establish regulations, such as limitation of risk, to ensure the financial health of insurance companies and supervise their business practices. The director also enforces regulatory requirements established by the legislature, which are outlined in Title 21 of the Alaska Statutes.
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.
Among the director's unique responsibilities include determining whether a catastrophe has occurred for insurance purposes. He or she make also take extraordinary measures to license insurance adjusters, etc., to ensure companies speedily address and pay out claims following a disaster.
In 2010, the commissioner of education received compensation in the amount of $135,000.
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