ALBUQUERQUE, N.M. (AP) — State Insurance Superintendent John Franchini was selected Wednesday to remain as New Mexico's top insurance regulator when his office becomes an independent governmental agency next month.
A nine-member committee named Franchini to serve as insurance superintendent for a term that starts July 1 and expires Dec. 31, 2015.
Franchini has managed the state Insurance Division in the Public Regulation Commission since August 2010. However, voters approved a constitutional amendment last year to remove oversight of the insurance industry from the five-member elected PRC, which in the past selected the insurance superintendent.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
