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Nevada Commissioner of Insurance
| Nevada Commissioner of Insurance | |
 | |
| General information | |
| Office Type: | Nonpartisan |
| Office website: | Official Link |
| Compensation: | $133,060 |
| 2025 FY Budget: | $25,860,282 |
| Term limits: | None |
| Structure | |
| Length of term: | Serves at the pleasure of the director of the Department of Business and Industry |
| Selection Method: | Appointed by the Director of the Nevada Department of Business and Industry |
| Current Officeholder(s) | |
Nevada Commissioner of Insurance
Ned Gaines | |
| Other Nevada Executive Offices | |
| Governor • Lieutenant Governor • Secretary of State • Attorney General • Treasurer • Controller • Superintendent of Public Instruction • Agriculture Director • Insurance Commissioner • Director of Conservation and Natural Resources • Labor Commissioner • Public Utilities Commission • Employment, Training and Rehabilitation • Board of Regents | |
The Nevada Commissioner of Insurance is an appointed state executive position in the Nevada state government.
The commissioner oversees the Division of Insurance, which is under the Department of Business and Industry. The stated mission of the insurance division is "To protect the rights of Nevada consumers in their experiences with the insurance industry and to ensure the financial solvency of insurers."[1]
Current officeholder
The acting Nevada Commissioner of Insurance is Ned Gaines (nonpartisan). Gaines assumed office in 2025.
Authority
The commissioner of insurance's powers, term of office, etc. are derived from Chapter 232 of the Nevada Revised Statutes.
Chapter 232, Section 820:
The Commissioner of Insurance is the head of the Division and:
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Qualifications
In order to serve as commissioner, one must meet the following qualifications:[3]
- 1. "The Commissioner shall have had at least 2 years’ responsible experience in the field of insurance, including, but not limited to, one or more of the following endeavors: Administration, sales, law, counseling and education."
- 2. "The Commissioner shall not be a stockholder in or directly or indirectly connected with the management or affairs of any insurance company or insurance brokerage or agency."
Appointments
The commissioner of insurance is appointed by the director of the Nevada Department of Business and Industry, who is appointed by the governor.
Vacancies
In the event of a vacancy, the director of the Nevada Department of Business and Industry designates an acting commissioner.[4]
Duties
The insurance division is charged with protecting the rights of the consumer and the public’s interest in dealing with the insurance industry and is responsible for regulating the insurance industry. It sets ethical and financial standards for insurance companies and review rates. The division responds to and assists consumers. It reviews insurance policies to ensure compliance with Nevada insurance laws and regulations. The division licenses insurance companies, insurance agents and producers. It makes sure insurance companies are solvent and have the ability to pay claims. It also makes sure companies follow through on the promises made to consumers through insurance policies. The division also reviews programs operated by self-insured employers for worker’s compensation.[5]
Divisions
As of January 28, 2021, the Nevada Division of Insurance contains the following sections:
- Administrative
- Consumer Services & Enforcement
- Corporate and Financial Affairs/Captive Insurers
- Legal
- Life and Health
- Producer Licensing
- Property and Casualty
- Self-Insured Workers' Compensation[6]
State budget
The budget for the Nevada Division of Insurance for Fiscal Year 2025 was $25,860,282.[7]
Compensation
- See also: Compensation of state executive officers
2023
In 2023, the officer's salary was $133,060, according to the Council of State Governments.[8]
2022
In 2022, the officer's salary was $131,743, according to the Council of State Governments.[9]
2021
In 2021, the commissioner received a salary of $131,743, according to the Council of State Governments.[10]
2020
In 2020, the commissioner received a salary of $118,200, according to the Council of State Governments.[11]
2019
In 2019, the commissioner received a salary of $118,200, according to the Council of State Governments.[12]
2018
In 2018, the commissioner received a salary of $118,200, according to the Council of State Governments.[13]
2017
In 2017, the commissioner received a salary of $118,200, according to the Council of State Governments.[14]
2016
In 2016, the insurance commissioner received a salary of $118,200, according to the Council of State Governments.[15]
2015
In 2015, the insurance commissioner received a salary of $117,030, according to the Council of State Governments.[16]
2014
In 2014, the commissioner was paid an estimated $117,030, according to the Council of State Governments.[17]
2013
In 2013, the commissioner was paid an estimated $114,104, according to the Council of State Governments.[18]
2009
In 2009, the commissioner was paid an estimated $117,030, according to the Council of State Governments.[19]
Historical officeholders
Note: Ballotpedia's state executive officials project researches state official websites for chronological lists of historical officeholders; information for the Nevada Commissioner of 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
The link below is to the most recent stories in a Google news search for the terms Nevada Commissioner of Insurance. These results are automatically generated from Google. Ballotpedia does not curate or endorse these articles.
Contact information
Carson City office:
1818 E. College Pkwy., Suite 103
Carson City, NV 89706
Phone: (775) 687-0700
Fax: (775) 687-0787
Las Vegas office:
2501 East Sahara Ave., Suite 302
Las Vegas, NV 89104
Phone: (702) 486-4009
Fax: (702) 486-4007
See also
| Nevada | State Executive Elections | News and Analysis |
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External links
Footnotes
- ↑ Nevada Division of Insurance, "About Us," accessed January 28, 2021
- ↑ Nevada Revised Statutes, "Chapter 232, Section 820 Commissioner of Insurance: Appointment; classification," accessed January 28, 2021
- ↑ Nevada Revised Statutes, " Qualifications," accessed January 28, 2021
- ↑ Nevada Revised Statutes, "NRS 679B.080 Designation of acting Commissioner; powers and duties of deputies; restrictions on other employment of deputies," accessed January 28, 2021
- ↑ Nevada Division of Insurance, "About Us," accessed January 28, 2021
- ↑ Nevada Division of Insurance, "About Us," accessed January 28, 2021
- ↑ Governor's Finance Office, "Executive Budget | 2023-2025," accessed December 11, 2023
- ↑ Council of State Governments, "Book of the States 2023 Table 4.11: Selected State Administrative Officials: Annual Salaries," accessed January 21, 2025
- ↑ Council of State Governments, "Book of the States 2022 Table 4.11: Selected State Administrative Officials: Annual Salaries," provided to Ballotpedia by CSG personnel
- ↑ Issuu, "The Book of the States 2021," accessed September 22, 2022
- ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries, 2020," accessed January 26, 2021
- ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries, 2019," accessed January 26, 2021
- ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries, 2018," accessed January 26, 2021
- ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries, 2017," accessed January 26, 2021
- ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries, 2016," accessed August 27, 2016
- ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries, 2015," accessed August 27, 2016
- ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries," accessed December 3, 2014
- ↑ Council of State Governments, "Table 4.11 Selected State Administrative Officials: Annual Salaries," accessed January 31, 2014
- ↑ The Council of State Governments, "The Book of States 2010 Table 4.11," accessed June 22, 2011
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