Larry Mirel, Washington, D.C. insurance commissioner for the past six years, said Friday he will step down as of Sept. 30.
As commissioner of the D.C. Department of Insurance, Securities and Banking, Mr. Mirel made the District competitive with Vermont in the chartering of captive insurance companies.
Since the department was authorized to charter captive insurance companies in 2001, it has issued licenses to 53 of these, the latest two last week, Mr. Mirel said in confirming his departure. He submitted his resignation letter Aug. 10.
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