Arkansas Commissioner of Insurance
| Arkansas Commissioner of Insurance | |
 | |
| General information | |
| Office Type: | Nonpartisan |
| Office website: | Official Link |
| Compensation: | $158,400 |
| 2025 FY Budget: | $194,799,012 |
| Term limits: | None |
| Structure | |
| Length of term: | Serves at pleasure of the governor |
| Authority: | Arkansas Code, Title 23, Chapter 61, Section 102 |
| Selection Method: | Appointed by governor |
| Current Officeholder | |
| Alan McClain | |
| Other Arkansas Executive Offices | |
| Governor • Lieutenant Governor • Secretary of State • Attorney General • Treasurer • Auditor • Commissioner of Education • Agriculture Secretary • Insurance Commissioner • Commissioner of State Lands • Natural Resources Exec. Director • Labor Director • Public Service Commission | |
The Arkansas Commissioner of Insurance is a state executive position in the Arkansas state government. The commissioner oversees the Arkansas Department of Insurance, which licenses and regulates insurance providers in the state. The office also administers workers compensation programs for state government, provides insurance counseling for senior citizens on Medicare, and investigates claims of insurance fraud and other consumer complaints.
Current officeholder
The current commissioner is Alan McClain. McClain was appointed by Gov. Asa Hutchinson (R) on April 3, 2020.[1]
Authority
The commissioner's office is established by state statute.[2]
Arkansas Code, Title 23, Chapter 61, Section 102
| The head of the State Insurance Department shall be an Insurance Commissioner appointed by the Governor with the advice and consent of the Senate. |
Qualifications
Arkansas law requires the commissioner to be a citizen of the state and at least 30 years old. He must also satisfy the usual constitutional requirements for all state officeholders including status as an elector. To qualify as an elector, one must be a resident of the state, must not have been convicted of a felony and must not have been ruled mentally incompetent by a court, among several other restrictions.[2][3]
Arkansas Code, Title 23, Chapter 61, Section 102
| No person shall be eligible for appointment as commissioner unless a citizen of this state and at least thirty (30) years of age. |
Appointments
Commissioners are appointed by the governor with the consent of the state Senate.[2]
Arkansas Code, Title 23, Chapter 61, Section 102
| The head of the State Insurance Department shall be an Insurance Commissioner appointed by the Governor with the advice and consent of the Senate.. |
Term limits
There are no term limits associated with the office of insurance commissioner.
Vacancies
State law prescribes no special procedure for dealing with vacancies in the office of insurance commissioner.
Duties
State law directs the insurance commissioner to license insurance companies and regulate premium rates and insurer solvency. The commissioner conducts investigations of consumer complaints and possible insurance fraud; his office also collects fees and premium taxes from the industry, which finance the operations of the department. Additionally, the commissioner's office manages insolvent insurance companies and administers the Arkansas Life and Health/Property and Casualty Guaranty Funds.
Beyond its direct regulation of the insurance industry, the insurance commissioner's office provides educational resources for consumers like insurance cost comparisons among different companies, brochures, and alerts regarding potential fraudulent activity. The insurance commissioner's office also manages the state government's workers' compensation program.[4]
Divisions
As of January 7, 2021, divisions within the Department of Insurance included:[5]
- Administration
- Accounting
- Consumer Services
- Criminal Investigation
- Finance
- Health Insurance Premium Rate Review
- HealthCare Marketplace
- Human Resources
- Information Systems
- Legal
- License
- Liquidation
- Prepaid Funeral Services
- Product Compliance
- Public Employee Claims
- Regulatory Health Link
- Risk Management
- Senior Health Insurance Information Program (SHIIP)
- Statutory Deposits
State budget
- See also: Arkansas state budget and finances
The budget for the Arkansas Department of Insurance in Fiscal Year 2025 was $194,799,012.[6]
Compensation
- See also: Compensation of state executive officers
As the commissioner is not a part of the state's executive department, the officeholder's salary is determined by the state's Office of Personnel and Management (OPM). The OPM has classified the commissioner under class code "U047" for the purposes of determining compensation.
2023
In 2023, the officer's salary was $158,400, according to the Council of State Governments.[7]
2022
In 2022, the officer's salary was $147,268, according to the Council of State Governments.[8]
2021
In 2021, the insurance received a salary of $142,632, according to the Council of State Governments.[9]
2020
In 2020, the insurance commissioner received a salary of $139,836 according to the Council of State Governments.[10]
2019
In 2019, the insurance commissioner received a salary of $137,094 according to the Council of State Governments.[11]
2018
In 2018, the insurance commissioner received a salary of $132,128 according to the Council of State Governments.[12]
2017
In 2017, the insurance commissioner received a salary of $132,128 according to the Council of State Governments.[13]
2016
In 2016, the insurance commissioner received a salary of $132,128 according to the Council of State Governments.[14]
2015
In 2015, the insurance commissioner received a salary of $130,820 according to the Council of State Governments.[15]
2014
In 2014, the commissioner received a salary of $129,526 according to the Council of State Governments.[16]
2013
In 2013, the commissioner received a salary of $120,258 according to the Council of State Governments.[17]
2010
In 2010, the commissioner received a salary of $117,899 according to the Council of State Governments.[18]
Historical officeholders
Note: Ballotpedia's state executive officials project researches state official websites for chronological lists of historical officeholders; information for the Arkansas Commissioner of Insurance has not yet been added because the information was unavailable on the relevant state official websites, or we are currently in the process of formatting the list for this office. If you have any additional information about this office for inclusion on this section and/or page, please email us.
Recent news
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Contact info
Physical address:
1 Commerce Way
Little Rock, AR 72202
Phone: (501) 371-2600
Fax: (501) 371-2618
See also
| Arkansas | State Executive Elections | News and Analysis |
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External links
Footnotes
- ↑ Arkansas Insurance Department, "Commissioner," accessed January 7, 2021
- ↑ 2.0 2.1 2.2 Arkansas Code, "Title 23, Chapter 61, Section 102," accessed January 7, 2021
- ↑ Arkansas Constitution, "Article 19, Section 3; Article 51, Section 6; Article 5, Section 9," accessed January 7, 2021
- ↑ Arkansas Insurance Department, "About," accessed January 7, 2021
- ↑ Arkansas Insurance Department, "Contact Us," accessed January 7, 2021
- ↑ Arkansas Department of Finance and Administration, "Funded Budget - Fiscal Year 2025," accessed January 15, 2025
- ↑ Council of State Governments, "Book of the States 2023 Table 4.11: Selected State Administrative Officials: Annual Salaries," accessed January 15, 2025
- ↑ Council of State Governments, "Book of the States 2022 Table 4.11: Selected State Administrative Officials: Annual Salaries," provided to Ballotpedia by CSG personnel
- ↑ Issuu, "The Book of the States 2021," accessed September 22, 2022
- ↑ Council of State Governments, "The Book of the States 2020," accessed January 5, 2021
- ↑ Council of State Governments, "The Book of the States 2019," accessed January 5, 2021
- ↑ Council of State Governments, "The Book of the States 2018," accessed January 5, 2021
- ↑ Council of State Governments, "The Book of the States 2017," accessed January 5, 2021
- ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries, 2016," accessed August 27, 2016
- ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries, 2015," accessed August 27, 2016
- ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries," accessed November 14, 2014
- ↑ The Council of State Governments, "Book of the States 2013, Table 4.11," accessed February 2, 2014
- ↑ The Council of State Governments, "Book of the States 2010, Table 4.11," accessed May 20, 2011
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