Director of Insurance Regulation

at State of Vermont in Montpelier, Vermont, United States

Job Description

The Director of Insurance Regulation is the Lead Division Director providing regulatory oversight and guidance and helping to integrate all functions within the Insurance Division and the other divisions of the Department.

Duties include:

• Providing regulatory guidance, interpretation and oversight of operations of all insurance companies doing business in Vermont for conformity to licensing and trade practices, statutes and departmental regulations; 
• Serving as a resource to industry, consumers and other state agencies with respect to insurance matters; 
• Supervising the Producer Licensing Section and the Insurance Actuary's work; 
• Interpreting, reviewing, formulating and promulgating statutes and regulations and departmental bulletins; 
• Participating in the legislative process including testifying as needed. 

The Director is a primary Division representative on several NAIC work streams and committees; may serve as the Division's representative to the Interstate Insurance Products Regulatory Commission and assists the Deputy Commissioner as a liaison with the Life-Health and Property-Casualty Guaranty Associations. The Director manages complex research studies and prepares written and oral reports as necessary in response to internal policy objectives, and legislative requirements. The Director also provides presentations, training and education on insurance related issues both within and outside the Division and actively participates in Department outreach programs including supervising and coordinating intern resources for the Division.

Duties are performed in an office and in the field. Some private means of transportation will be necessary for travel. Disagreements and differences of opinion with insurers, licensees, accountants, consumers and attorneys can be expected. Some evening or overtime work may be necessary. Out-of-state travel to attend national meetings or to coordinate regulatory efforts may be required.