Difference between revisions of "New Jersey Commissioner of Banking and Insurance"

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==Compensation==
 
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In 2013, the commissioner's salary remained at $130,000.<ref>[http://knowledgecenter.csg.org/kc/system/files/4.11_2013.pdf ''Council of State Governments,'' Table 4.11 Selected State Administrative Officials: Annual Salaries, accessed January 31, 2014]</ref>
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===2010===
 
In 2010, the New Jersey Commissioner of Banking and Insurance was paid an estimated $130,000 according to the [[Council of State Governments]].<ref>[http://knowledgecenter.csg.org/drupal/system/files/Table_4.11.pdf ''The Council of State Governments'',"The Book of States 2010 Table 4.11," retrieved June 22, 2011]</ref>
 
In 2010, the New Jersey Commissioner of Banking and Insurance was paid an estimated $130,000 according to the [[Council of State Governments]].<ref>[http://knowledgecenter.csg.org/drupal/system/files/Table_4.11.pdf ''The Council of State Governments'',"The Book of States 2010 Table 4.11," retrieved June 22, 2011]</ref>
  

Revision as of 15:00, 31 January 2014

New Jersey Commissioner Banking and Insurance
General information
Office Type:  Nonpartisan
Office website:  Official Link
2013 FY Budget:  $63,450,000
Term limits:  None
Structure
Length of term:   Serves at the pleasure of the governor
Authority:  New Jersey State Statutes, Title 17, Section 1-1
Selection Method:  Appointed by Governor
Current Officeholder

Kenneth Kobylowski.jpg
Name:  Kenneth Kobylowski
Assumed office:  February 11, 2012
Compensation:  $130,000
Other New Jersey Executive Offices
GovernorLieutenant GovernorSecretary of StateAttorney GeneralTreasurerComptrollerCommissioner of EducationAgriculture SecretaryInsurance CommissionerCommissioner of Environmental ProtectionLabor CommissionerPublic Utilities Board
The New Jersey Commissioner of Banking and Insurance is a state executive position in the New Jersey state government.

The Commissioner serves as head of the Department of Banking and Insurance which is responsible for regulating the banking, insurance and real estate industries in the state.[1]

Current officeholder

The current officeholder is Kenneth Kobylowski. Kobylowski was selected to serve in the position by Governor of New Jersey Chris Christie (R) on February 11, 2012, and was confirmed by the Senate on December 20, 2012.[2]

Authority

The Department of Banking and Insurance was orignially established by "An act to establish a Department of Banking and Insurance" (1891) and is continued in Title 17, Section 1-1 of the New Jersey State Statutes:

All the powers, functions and duties of the existing Department of Banking and Department of Insurance and the commissioners thereof are continued in the Department of Banking and Insurance, and in the office of the commissioner thereof...

Qualifications

Per Title 17, Section 1-2 of the New Jersey State Statutes outlines the qualifications for commissioner:[3]

  • "No person shall be appointed commissioner who is in any way connected with the management or control of any corporation, firm, association, institution, or licensee affected by Title 17 of the Revised Statutes or Title 17B of the New Jersey Statutes"
  • "Neither the commissioner nor any officer or employee of the department shall have any ownership of, interest in, or any dealings or transactions in any capacity with any financial institution, insurance company or other entity chartered, licensed or regulated by the department, except in the strict performance of the commissioner's, officer's or employee's duties."

Appointments

New Jersey state government organizational chart

Per Title 17:1-2 of the New Jersey Statutes, the Commissioner of Banking and Insurance is appointed by the governor with the advice and consent of the Senate and serves at the pleasure of the Governor. [3]

Vacancies

Note: Ballotpedia's state executive officials project researches the constitutional or statutory text that details the process of filling vacancies for a state executive office. That information for the New Jersey Commissioner of Banking and Insurance has not yet been added. After extensive research we were unable to identify any relevant information on state official websites. If you have any additional information about this office for inclusion on this section and/or page, please email us.

Duties

The mission statement of the Department of Banking & Insurance is "to regulate the banking, insurance and real estate industries in a professional and timely manner that protects and educates consumers and promotes the growth, financial stability and efficiency of those industries."[4]

Divisions

Note: Ballotpedia's state executive officials project researches state official websites for information that describes the divisions (if any exist) of a state executive office. That information for the New Jersey Commissioner of Banking and Insurance has not yet been added. After extensive research we were unable to identify any relevant information on state official websites. If you have any additional information about this office for inclusion on this section and/or page, please email us.

State budget

The budget for the Department of Banking and Insurance in Fiscal Year 2013 was $63,450,000.[5]

Compensation

2013

In 2013, the commissioner's salary remained at $130,000.[6]

2010

In 2010, the New Jersey Commissioner of Banking and Insurance was paid an estimated $130,000 according to the Council of State Governments.[7]

Historical officeholders

Note: Ballotpedia's state executive officials project researches state official websites for chronological lists of historical officeholders. That information for the New Jersey Commissioner of Banking and Insurance has not yet been added because the information was unavailable on the relevant state official websites, or we are currently in the process of formatting the list for this office. If you have any additional information about this office for inclusion on this section and/or page, please email us.

Recent news

This section displays the most recent stories in a google news search for the term New Jersey + Commissioner + of + Banking + and + Insurance

All stories may not be relevant to this page due to the nature of the search engine.

New Jersey Commissioner of Banking and Insurance News Feed

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Contact information

NJ Department of Banking and Insurance
20 West State Street
PO Box 325
Trenton, NJ 08625
Phone: 609-292-7272
Hotline: 1-800-446-7467

See also

External links

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Suggest a link

References