North Dakota Republican Insurance Commissioner Jim Poolman announced yesterday he will resign his elective post on Sept. 1 to start his own consulting firm dealing with insurance regulatory issues and compliance.
Mr. Poolman, who formally notified Gov. John Hoeven by letter yesterday, said in a statement, "After much thought, I have decided the timing is right for me personally, and especially for my family."
Jaime Selzler, executive director of the North Dakota Democratic Party, issued a statement saying he was surprised by the move. "When North Dakotans re-elected Poolman in the 2004 election, they expected him to serve out his term working for the people of our state.
"Assuming this is an entirely voluntary move, it would seem that he is placing his own personal interests ahead of the job he committed to on behalf of the people of North Dakota.
"It is practically becoming a routine with Republicans in statewide offices to resign their posts just before an election season," Mr. Selzler said.
Mr. Poolman responded, "I think people that believe I am trying to do what's best for my family will understand," according to the Bismarck Tribune.
The commissioner's move led to blogger speculation that he might be preparing for a possible political run against U.S. Rep. Earl Pomeroy, D-N.D. brother of the former the state insurance commissioner Glenn Pomeroy.
Deputy Insurance Commissioner Rebecca Ternes is due to serve as acting commissioner when Mr. Poolman leaves.
The announcement said the regulatory consulting firm will be based in Bismarck, N.D., and will work with clients across the country.
Mr. Poolman explained: "This opportunity is just one I couldn't refuse. I have been presented opportunities in the past, but they required me to leave North Dakota, and this wasn't an option for me or my family. Running my own consulting company allows me to stay in North Dakota and better provide for my family."
He added, "The Insurance Department will be left in good hands with people that want to continue to help consumers. They are some of the best and brightest in state government who truly care about our citizens."
Mr. Poolman was originally elected in 2000 and was re-elected in 2004. Prior to taking office he worked as a trust officer at Bremer Bank and was elected for four consecutive year terms to the North Dakota House of Representatives from Grand Forks.
"I am incredibly thankful for the honor of serving the people of North Dakota," Mr. Poolman said. "Although I am leaving elected office for now, I am committed to North Dakota and seeing it grow and prosper. I will continue to be active in public affairs and service to the people of North Dakota."
This article updated 10 a.m. Aug. 23.
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.