313 Haney Ave, South Bend, IN 46613, USA
574-304-4559
Indiana Commissioner of Insurance
State of Indiana
Role Overview
The Commissioner of Insurance oversees the Indiana Department of Insurance, which regulates the insurance industry in the state. The office licenses insurance companies and agents, reviews policies and rates, and investigates consumer complaints.
Quick Facts
Holder(s):
Appointed by Governor
Term:
Serves at the pleasure of the Governor
Method:
Appointed
Core Responsibilities
Regulate all insurance companies and agents operating in Indiana.
Essential Attributes & Risks
Key Competencies
Regulatory Knowledge, Financial Analysis, and a commitment to Consumer Protection.
Review insurance policies to ensure they are fair and comply with state law.
Investigate complaints from consumers about insurance companies.
Monitor the financial solvency of insurance companies to protect policyholders.
Critical Risk
Failure to adequately regulate the insurance market, which could lead to consumer harm or market instability.
Constitutional Mandate
This section highlights how the office's duties align with the core objectives of the U.S. and Indiana Constitutions.
1
Promote the general Welfare
Protects the financial well-being of citizens by ensuring a stable and fair insurance market.
2
Establish Justice
Provides a mechanism for consumers to resolve disputes with large insurance companies fairly.
3
Execute the laws
Enforces all state laws and regulations pertaining to the insurance industry.