Get Report Of Examination Of Insurance Placement Facility Of Delaware As ... - Delawareinsurance

A state insurance commissioner is the person responsible for regulating insurance, ensuring market sustainability and solvency, and protecting consumers for any given state or jurisdiction. State insurance commissioners are public servants, and may not always be titled in their state as an insurance commissioner.

Insurance Commissioner Trinidad Navarro A lifelong Delawarean, Commissioner Navarro has an extensive record of public service and is committed to protecting Delaware consumers.

The purpose of insurance commissioners is to maintain fair pricing for insurance products, protect the solvency of insurance companies, prevent unfair practices by insurance companies, and ensure availability of insurance coverage.

The executive branch is headed by the Governor of Delaware. The present governor is John Carney (D), who took office on January 17, 2017. The Lieutenant Governor is Bethany Hall-Long (D). The Attorney General is Kathy Jennings (D) since 2019.

While FAIR Plan eligibility requirements can vary from state to state, most will require you to meet the following criteria. Proof of coverage denial. You'll likely need proof that you applied for and were denied homeowners insurance from at least two or three standard "admitted" insurance companies.

Insurance Commissioner (state executive office) Elected in 11 states; appointed in 39. In the 39 appointed states, 37 are appointed by the Governor and two states (New Mexico and Virginia), appoint via a multi-member commission. Salary range (in 2023): $222,804 (Oregon) to $86,003 (Kansas)

Final answer: The underwriting department is responsible for the selection, evaluation, and distribution of risks within an insurance company. It determines the feasibility of providing insurance to applicants and establishes appropriate premiums based on risk assessments.