North Carolina Commissioner of Insurance, Democratic Primary
Regulates insurance industry and oversees fire safety
Full office description
- The Commissioner of Insurance regulates the insurance industry, handles complaints related to insurance companies, and licenses insurance agents.
- The Commissioner of Insurance regulates how stocks and equity securities for insurance companies are traded within the state.
- The Commissioner of Insurance appoints the State Fire Marshal. The Office of State Fire Marshal (OSFM) duties include training fire and rescue personnel, reviewing construction plans for state building projects, as well as getting property insurance for state owned property.
- The Commissioner of Insurance oversees an office of over 400 employees. They are elected for a four-year term. The position has no term limits.
How this impacts you
Cost of Living — The Commissioner of Insurance can impact insurance costs through rejecting or approving rate increases from insurance companies. They can also offer services that help residents attain lower rates, such as compiling public lists of rates provided by different insurers.
Consumer Protection — The Commissioner of Insurance combats insurance fraud which helps reduce the rate for North Carolina consumers. For example, there are programs focused on combating specific types of insurance fraud like disability fraud.
