NU Online News Service, Dec. 29, 11:12 a.m. EST
The Interstate Insurance Product Regulation Commission (IIPRC) recently elected its new officers for 2011 during a special election.
The IIPRC enables state insurance regulators to develop uniform national standards for asset protection insurance products, such as life insurance, annuities, disability income and long-term care insurance.
The new officers, elected on Dec. 20, are:
o Chairman: New Hampshire Insurance Commissioner Roger A. Sevigny.
o Vice Chairman: North Carolina Insurance Commissioner Wayne Goodwin.
o Treasurer: Missouri Insurance Director John M. Huff.
The new officers assumed their roles immediately after the vote.
Mr. Sevigny was appointed New Hampshire insurance commissioner in 2003. He served as president of the NAIC in 2009. Prior to becoming insurance commissioner, Mr. Sevigny was assistant commissioner at the New Hampshire Insurance Department.
He also worked at Travelers Insurance for more than 30 years in a variety of technical and management positions.
Mr. Goodwin was elected North Carolina Insurance Commissioner in 2008. He also serves as the state fire marshal. Prior to working for the state insurance department as Assistant Commissioner, Mr. Goodwin served in the North Carolina General Assembly’s House of Representatives where he focused on insurance, consumer protection, public safety, and good government issues.
Mr. Huff was appointed director of the Missouri Department of Insurance, Financial Institutions and Professional Registration in February 2009. Before his appointment, Mr. Huff spent three years as an executive with Swiss Re, and eight years with GE Insurance Solutions.
The IIPRC currently consists of 37 jurisdictions. The members are Alaska, Colorado, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Nebraska, New Hampshire, New Mexico, North Carolina, Ohio, Oklahoma, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin and Wyoming.
For more information, visit www.insurancecompact.org.