Walter Bell was elected president-elect of the National Association of Insurance Commissioners at the group's winter meeting in Chicago yesterday.
The Alabama commissioner will take over next December in the top job after serving a year in the interim post that was created last year in the aftermath of the mid-term resignations of both the NAIC president and the vice president.
Mr. Bell, a former Mutual of New York executive, is in his third year as commissioner and will be the second African American to serve in the top NAIC job. He has taken a lead role as chairman of the panel that is in the process of developing nationwide standards for life products.
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