Alaska Director of Insurance
| Alaska Director of Insurance | |
 | |
| General information | |
| Office Type: | Nonpartisan |
| Office website: | Official Link |
| Compensation: | $135,369 |
| 2024 FY Budget: | $8,248,600 |
| Term limits: | None |
| Structure | |
| Length of term: | Serves at pleasure of the commissioner of commerce, community, and economic development |
| Authority: | Alaska Statutes, Title 21, Chapter 6, Section 10 |
| Selection Method: | Appointed by commissioner of commerce, community, and economic development |
| Current Officeholder | |
| Lori Wing-Heier | |
| Other Alaska Executive Offices | |
| Governor•Lieutenant Governor•Attorney General•Comptroller•Education Commissioner•Revenue Commissioner•Agriculture Director•Insurance Director•Natural Resources Commissioner•Labor Commissioner•Regulatory Commission | |
The Alaska Director of Insurance is a state executive position in the Alaska state government. He or she oversees the division of insurance, a subdivision of the Alaska Department of Commerce, Community, and Economic Development. The division of insurance is responsible for establishing and enforcing regulations of the insurance industry in Alaska.[1][2]
Current officeholder
The current state director of insurance is Lori Wing-Heier. Wing-Heier was appointed on February 25, 2014.[3]
Authority
The authority of the director of insurance derives from statute, which states that the director of the division of insurance is appointed by the commissioner of commerce, community, and economic development.[4]
Alaska Statutes, Title 21, Chapter 6, Section 10
| The commissioner of commerce, community, and economic development shall appoint the director, division of insurance, Department of Commerce, Community, and Economic Development. The director serves at the pleasure of the commissioner. |
Qualifications
State law does not require any particular qualifications of the director of insurance.
Appointments
The director is appointed by the commissioner of commerce, community, and economic development.[4]
Term limits
There are no term limits specified for the director of insurance.
Vacancies
Alaska law does not outline any particular procedure for dealing with vacancies. It is the state commissioner of commerce, community, and economic development's responsibility to appoint a new director.
Duties
The mission of the division of insurance is to "assure competitive, viable, ethical, and lawful insurance is available to all Alaskans." The division licenses insurance providers, adjusters and brokers and examines their records to ensure compliance. It also produces educational materials for consumers and annual reports on insurance companies operating in the state. The director and his office are empowered to establish regulations, such as limitation of risk, to ensure the financial health of insurance companies and supervise their business practices. Some of the regulations the division of insurance enforces are established by the legislature itself, which are outlined in Title 21 of the Alaska Statutes.[2]
Additionally, the director plays an important role in the Alaska government's reaction to natural disasters by determining whether a catastrophe has occurred for insurance purposes. He or she may also take extraordinary measures to license insurance adjusters, etc., to ensure companies speedily address and pay out claims following a disaster.[1]
Divisions
Note: Ballotpedia's state executive officials project researches state official websites for information that describes the divisions (if any exist) of a state executive office. That information for the Alaska Director of Insurance has not yet been added. After extensive research we were unable to identify any relevant information on state official websites. If you have any additional information about this office for inclusion on this section and/or page, please email us.
State budget
- See also: Alaska state budget and finances
The budget for the division of insurance in Fiscal Year 2024 is $8,248,600.[5]
Compensation
- See also: Compensation of state executive officers
2022
In 2022, the officer's salary was $135,369, according to the Council of State Governments.[6]
2021
In 2021, the director of insurance received a salary of $135,369, according to the Council of State Governments.[7]
2020
In 2020, the director of insurance received a salary of $131,112 according to the Council of State Governments.[8]
2019
In 2019, the director of insurance received a salary of $131,112 according to the Council of State Governments.[9]
2018
In 2018, the director of insurance received a salary of $126,984 according to the Council of State Governments.[10]
2017
In 2017, the director of insurance received a salary of $126,984 according to the Council of State Governments.[11]
2016
In 2016, the director of insurance's salary was increased to $122,988, according to the Council of State Governments.[12]
2015
In 2015, the director of insurance's salary was increased to $119,988, according to the Council of State Governments.[13]
2014
In 2014, the director of insurance's salary increased to $104,436, according to the Council of State Governments.[14]
2013
In 2013, the director of insurance was paid an estimated $61,176, according to the Council of State Governments.
Historical officeholders
Note: Ballotpedia's state executive officials project researches state official websites for chronological lists of historical officeholders; information for the Alaska Director of Insurance has not yet been added because the information was unavailable on the relevant state official websites, or we are currently in the process of formatting the list for this office. If you have any additional information about this office for inclusion on this section and/or page, please email us.
Recent news
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Contact info
Address:
333 Willoughby AVE, 9th FL
Juneau, AK 99801
Phone: (907) 465-2515
Fax: (907) 465-3422
See also
| Alaska | State Executive Elections | News and Analysis |
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External links
Footnotes
- ↑ 1.0 1.1 State of Alaska, Department of Commerce, Community, and Economic Development: Division of Insurance, "About Us," accessed January 6, 2021
- ↑ 2.0 2.1 The Alaska State Legislature, "Alaska Statutes 2013: AS 21.06.060," accessed January 6, 2021
- ↑ State of Alaska Department of Commerce, "Lori Wing-Heier Appointed State Insurance Director," February 27, 2014
- ↑ 4.0 4.1 Alaska Legal Resource Center, "Alaska Statutes 21.06.010," accessed January 6, 2020
- ↑ Alaska.gov, "HB 39," accessed December 7, 2023
- ↑ Council of State Governments, "Book of the States 2022 Table 4.11: Selected State Administrative Officials: Annual Salaries," provided to Ballotpedia by CSG personnel
- ↑ Issuu, "The Book of the States 2021," accessed September 22, 2022
- ↑ Council of State Governments, "The Book of the States 2020," accessed January 5, 2021
- ↑ Council of State Governments, "The Book of the States 2019," accessed January 5, 2021
- ↑ Council of State Governments, "The Book of the States 2018," accessed January 5, 2021
- ↑ Council of State Governments, "The Book of the States 2017," accessed January 5, 2021
- ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries, 2016," accessed August 27, 2016
- ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries, 2015," accessed August 27, 2016
- ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries," accessed November 14, 2014
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