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Would Electing All Insurance Commissioners Lead To Long-Term Commitment?

With the complexities involved in regulating insurance at the state level, National Underwriter Associate Editor Mark Ruquet said in a recent column that the regulatory system

By staff Writer | Updated on October 03, 2010

NU Online News Service, Oct. 4, 3:33 p.m. EDT

With the complexities involved in regulating insurance at the state level, National Underwriter Associate Editor Mark Ruquet said in a recent column that the regulatory system would be well served by “committed and knowledgeable leadership for the long term.”

To achieve this, Mr. Ruquet recommended electing commissioners, rather than appointing them. Currently, he said, less than a quarter of regulators are elected. Among them is John W. Oxendine of Georgia, who was elected in 1994. “Maybe it’s a stretch, but that would indicate when you want longevity, elected officials would provide it,” Mr. Ruquet wrote.

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