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Kentucky Revised Statutes Title XXV. Business and Financial Institutions § 304.2-020.Commissioner of insurance; appointment, term; divisions within department

Current as of January 01, 2024 | Updated by FindLaw Staff

(1) The commissioner is the head of the Department of Insurance.

(2) The commissioner shall be appointed by the Governor with the consent of the Senate, for a term not to exceed four (4) years on the basis of his or her merit and fitness to perform the duties of the office as provided in KRS 12.040. If the Senate is not in session when a term expires or a vacancy occurs, the Governor shall make the appointment to take effect at once, subject to the approval of the Senate when convened. Nothing contained in this subsection shall prohibit the commissioner of the Department of Insurance from being reappointed.

(3) The following divisions are established within the Department of Insurance and shall be headed by directors appointed by the secretary of the Public Protection Cabinet with the approval of the Governor in accordance with KRS 12.050:

(a) Division of Health and Life Insurance and Managed Care;

(b) Division of Property and Casualty Insurance;

(c) Division of Administrative Services;

(d) Division of Financial Standards and Examination;

(e) Division of Licensing;

(f) Division of Insurance Fraud Investigation; and

(g) Division of Consumer Protection.

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Cite this article: FindLaw.com - Kentucky Revised Statutes Title XXV. Business and Financial Institutions § 304.2-020.Commissioner of insurance; appointment, term; divisions within department - last updated January 01, 2024 | https://codes.findlaw.com/ky/title-xxv-business-and-financial-institutions/ky-rev-st-sect-304-2-020/

Read this complete Kentucky Revised Statutes Title XXV. Business and Financial Institutions § 304.2-020.Commissioner of insurance; appointment, term; divisions within department on Westlaw

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