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Revision as of 15:06, 24 February 2014

New Mexico Superintendent of Insurance
General information
Office Type:  Nonpartisan
Office website:  Official Link
Term limits:  None
Structure
Selection Method:  Appointed by the Public Regulation Commission
Current Officeholder

John Franchini.jpg
Name:  John Franchini
Assumed office:  August 2010
Compensation:  $100,000
Other New Mexico Executive Offices
GovernorLieutenant GovernorSecretary of StateAttorney GeneralTreasurerAuditorCommissioner of Public LandsSecretary of EducationAgriculture SecretaryInsurance SuperintendentSecretary of Energy, Minerals and Natural ResourcesSecretary of Workforce SolutionsPublic Regulation CommissionPublic Education Commission
The New Mexico Superintendent of Insurance is an appointed state executive position in the New Mexico state government.

On July 1, 2013, the Insurance Division became the Office of Superintendent of Insurance, an independent state agency.[1] Prior to July 2013, Superintendent oversaw the Division of Insurance within the Public Regulation Commission.

Current officeholder

The current officeholder is John Franchini. He has served in this position since 2010.

Authority

The New Mexico Office of Superintendent of Insurance was created by constitutional amendment in 2012. Prior to this, it was a division with in the Public Regulation Commission. The office's powers, term of office, etc. are derived from Article XI of the New Mexico Constitution.

Article XI, Section 20:

Sec. 20. Creation of office of superintendent of insurance.

A. The office of "superintendent of insurance" is created as of July 1, 2013. The superintendent of insurance shall regulate insurance companies and others engaged in risk assumption in such manner as provided by law....[2]

Appointments

New Mexico state government organizational chart

The Superintendent of Insurance is appointed by the insurance nominating committee.[2]

Compensation

2013

In 2013, the superintendent was paid an estimated $100,000.[3]

2010

In 2010, the New Mexico Superintendent of Insurance was paid an estimated $110,388 according to the Council of State Governments.[4]

Contact information

Mailing Address:
P.O. Box 1269
Santa Fe, NM 87504-1269

Physical Address:
P.E.R.A. Bldg., 4th Floor
1120 Paseo de Peralta
Santa Fe, New Mexico 87501

1-8884ASKPRC: (888) 427-5772
Switchboard: (505) 827-4601
Toll Free in New Mexico: (800) 947-4722
Service of Process: (505) 827-4336
Fax Number: (505) 827-4734

See also

External links

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Suggest a link

References