The National Association of Insurance Commissioners says Louisiana Insurance Commissioner Jim Donelon will become the association’s president effective Jan. 1.
“I am pleased to have this opportunity to serve the NAIC and the citizens of Louisiana in this capacity,” says Donelon in a statement. “Louisiana is a significant consumer of insurance in the national, and even international, marketplace. Through this position, I will be able to engage in the insurance debate on a leadership level, and place Louisiana at the forefront in the study and development of insurance regulation.”
He has been a member of the NAIC since becoming Louisiana’s insurance commissioner in 2006.
For the last five years, Donelon has chaired the NAIC’s Surplus Lines Task Force.
He joined the staff of the Louisiana Department of Insurance in 2001 as chief deputy commissioner. He was named Louisiana’s insurance commissioner in 2006 and was elected to serve the unexpired term later that year. He was re-elected to the position in 2007 and 2011.
Donelon succeeds Florida Insurance Commissioner Kevin McCarty as NAIC president.