Oregon Commissioner of Insurance
| Oregon Commissioner of Insurance | |
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| General information | |
| Office Type: | Nonpartisan |
| Office website: | Official Link |
| Compensation: | $205,788 |
| Term limits: | None |
| Structure | |
| Length of term: | Serves at the pleasure of the governor |
| Selection Method: | Appointed by the Director of the Department of Consumer and Business Services |
| Current Officeholder | |
| Andrew Stolfi | |
| Other Oregon Executive Offices | |
| Governor • Secretary of State • Attorney General • Treasurer • Auditor • Superintendent of Education • Agriculture Commissioner • Insurance Commissioner • Natural Resources Commissioner • Labor Commissioner • Public Service Commission | |
The Oregon Commissioner of Insurance, also called the director of the Division of Financial Regulation, is an executive position in the Oregon state government. The Oregon Division of Financial Regulation falls under the Oregon Department of Consumer and Business Services (DCBS). The division aims to protect "Oregonians’ access to fair insurance and financial products and services through education, regulation, and consumer assistance," according to DCBS's description of the program.[1]
Current officeholder
The current commissioner is Andrew Stolfi. He assumed the role in February 2018. Stolfi was also appointed director of the Department of Consumer and Business Services in April 2020.[2]
Authority
The Oregon Commissioner of Insurance's duties, powers, and term of office are derived from Title 52A, Article 705 of the Oregon Revised Statutes. The office falls under the purview of the director of the Department of Consumer and Business Services. The director can appoint someone as insurance commissioner to oversee these matters, or the director can fulfill the duties.
Article 705, Section 105.5:
705.105 Department of Consumer and Business Services; director; qualifications; confirmation; Insurance Commissioner; bond or letter of credit; seal.[...]
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Qualifications
According to the Oregon Revised Statutes Title 52A, Article 705, Section 115.2, division directors in the Department of Consumer and Business Services must "be well qualified by technical training and experience in the functions the appointee is to perform."[3]
Appointments
The commissioner is appointed by the director of the Department of Consumer and Business Services with the approval of the governor. The commissioner serves at the pleasure of the director. The DCBS director may also serve as the insurance commissioner.[3]
Vacancies
Note: Ballotpedia's state executive officials project researches the constitutional or statutory text that details the process of filling vacancies for a state executive office. That information for the Oregon Commissioner of Insurance has not yet been added. After extensive research, we were unable to identify any relevant information on state official websites. If you have any additional information about this office for inclusion on this section and/or page, please email us.
Duties
The Division of Financial Regulation's mission, according to the DCBS's program description, is to protect "Oregonians’ access to fair insurance and financial products and services through education, regulation, and consumer assistance." DCBS listed the following duties of the division:
| “ |
• Oversight of the safety and soundness of banks, trust companies, and credit unions and financial solvency of insurance institutions |
” |
Divisions
The Division of Financial Regulation is organized by the following functions:[1]
- Licensing
- Compliance
- Product Regulation
- Education and Advocacy
- Policy
- Banks and Trust Companies
- Credit Unions
- Insurance Institutions
- Enforcement
State budget
- See also: Oregon state budget and finances
The office did not appear as a line item in the 2023-25 biennium. If you have information related to the budget for this office, please email us and let us know.
Compensation
- See also: Compensation of state executive officers
2022
In 2022, the officer's salary was $205,788, according to the Council of State Governments.[5]
2021
In 2021, the insurance commissioner received a salary of $191,244, according to the Council of State Governments.[6]
2020
In 2020, the insurance commissioner received a salary of $129,936, according to the Council of State Governments.[7]
2019
In 2019, the insurance commissioner received a salary of $129,936, according to the Council of State Governments.[8]
2018
In 2018, the insurance commissioner received a salary of $129,936, according to the Council of State Governments.[9]
2017
In 2017, the insurance commissioner received a salary of $171,515, according to the Council of State Governments.[10]
2016
In 2016, the insurance commissioner received a salary of $166,922, according to the Council of State Governments.[11]
2015
In 2015, the insurance commissioner received a salary of $163,247, according to the Council of State Governments.[12]
2014
In 2014, the commissioner was paid an estimated $160,047, according to the Council of State Governments.[13]
2013
In 2013, the commissioner was paid an estimated $150,252, according to the Council of State Governments.[14]
Historical officeholders
Note: Ballotpedia's state executive officials project researches state official websites for chronological lists of historical officeholders; information for the Oregon 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
The link below is to the most recent stories in a Google news search for the terms Oregon Administrator of Insurance. These results are automatically generated from Google. Ballotpedia does not curate or endorse these articles.
Contact information
Oregon Division of Financial Regulation
350 Winter St. NE
Room 410
PO Box 14480
Salem, OR 97309
Click here for a list of phone numbers and email addresses.
See also
| Oregon | State Executive Elections | News and Analysis |
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External links
Footnotes
- ↑ 1.0 1.1 Oregon.gov, "2019-2021 Legislatively Approved Budget," accessed January 20, 2021
- ↑ Oregon.gov, "DCBS, About Us," accessed January 20, 2021
- ↑ 3.0 3.1 3.2 Oregon Legislature, "Chapter 705 — Department of Consumer and Business Services," accessed January 20, 2021
- ↑ Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.
- ↑ 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 28, 2022
- ↑ ISSUU, "The Book of the States | 2020 | Volume 52," accessed January 19, 2021
- ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries, 2019," accessed January 19, 2021
- ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries, 2018," accessed January 19, 2021
- ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries, 2017," accessed January 19, 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 December 8, 2014
- ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries," January 28, 2014
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