Governor Eric Holcomb has chosen Amy Beard as commissioner of the Indiana Department of Insurance. She previously served five years as the department’s general counsel. “Amy has the right skill set, experience and dedication to provide great government service to Hoosiers as they purchase insurance that they need to protect their properties and families,” Gov. Holcomb said. “Her experience at IDOI has been broad, from her work with the Indiana Patient’s Compensation Fund and on legislative issues, to her command of the required legal and financial filings of insurance holding companies.” Beard replaces Stephen Robertson, who is stepping down after 11 years as commissioner.
Governor Eric Holcomb has named Amy Beard as the new commissioner of the Indiana Department of Insurance. Beard is replacing Stephen Robertson, who is stepping down on June 1 after 11 years as commissioner. Beard will begin her tenure on June 2. “Amy has the right skill set, experience and dedication to provide great government service to Hoosiers as they purchase insurance that they need to protect their properties and families,” Holcomb said. “Her experience at IDOI has been broad, from her work with the Indiana Patient’s Compensation Fund and on legislative issues, to her command of the required legal and financial filings of insurance holding companies.” Holcomb’s office says Beard has eight years of experience at IDOI, including five years as general counsel. She has been responsible for review of multimillion-dollar transactions regarding insurance holding companies, ensured the state met national accreditation standards, and served on the Interstate Insurance Product Regulation Commission Regulatory Counsel Committee.
IDOI address, phone numbers, website, mission, copies of filings, and complaint contact.
Contact Information
Indiana Department of Insurance311 West Washington St.Suite 300Indianapolis, IN 46204-2287Phone: (317) 232-2385
Fax: (317) 232-5251
Article origination IPBS-RJC
Amy Beard will be the Indiana Department of Insurance Commissioner, beginning June 2.
Courtesy of the governor's officeStarting next week, the Indiana Department of Insurance will have a new commissioner for the first time in more than a decade.
The governor recently appointed Amy Beard as the agency’s new leader.
Beard has eight years of experience at the Department of Insurance, including as its general counsel. In a statement, Gov. Eric Holcomb said with her “broad” experience at the agency, Beard has the “right skill set” and dedication to lead the department.
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Beard will replace Stephen Robertson, who led the state agency for 11 years.
The Department of Insurance’s primary role is consumer protection, monitoring and licensing insurance companies and agents in the state. It also ensures Indiana insurance companies are financially solvent.
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05/25/2021
Beard has eight years of experience at IDOI, including five years as general counsel. She was responsible for the review of multimillion-dollar transactions regarding insurance holding companies, ensured the state met all national accreditation standards, and served on the Interstate Insurance Product Regulation Commission Regulatory Counsel Committee. She earned an undergraduate degree from the University of Southern Indiana and her law degree from the Indiana University Robert H. McKinney School of Law. Beard begins her new post on June 2.
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Posted in State
May 17, 2021
INDIANAPOLIS – Gov. Eric J. Holcomb today announced that he has selected Amy Beard as the new commissioner of the Indiana Department of Insurance (IDOI).
“Amy has the right skill set, experience and dedication to provide great government service to Hoosiers as they purchase insurance that they need to protect their properties and families,” Gov. Holcomb said. “Her experience at IDOI has been broad, from her work with the Indiana Patient’s Compensation Fund and on legislative issues, to her command of the required legal and financial filings of insurance holding companies.”
Beard has eight years of experience at IDOI, including five years as general counsel. She has been responsible for review of multimillion-dollar transactions regarding insurance holding companies, ensured the state met all national accreditation standards, and served on the Interstate Insurance Product Regulation Commission Regulatory Counsel Committee.
She earned an undergraduate degree from the University of Southern Indiana and her law degree from the Indiana University Robert H. McKinney School of Law.
The Department of Insurance protects Hoosiers as they purchase and use insurance products to keep their assets and their families from loss or harm. The agency also monitors the financial solvency of Indiana insurance companies.
Beard replaces Stephen W. Robertson, who is stepping down on June 1 after 11 years as commissioner. Beard begins her tenure as commissioner on June 2.
Tagged Government
The Indiana Commissioner of Insurance is an appointed state executive position in the Indiana state government. The commissioner is appointed by the governor, and is responsible for overseeing the Department of Insurance, which regulates insurance companies operating in Indiana. The commissioner works to promote improvements to insurance laws and the enforcement of said laws in Indiana.[1]
Current Officeholder
The current officeholder is Amy Beard. Beard was appointed by Gov. Eric Holcomb (R) in May 2021.[2]
Authority
Title 27, Article 1, Chapter 1 of the Indiana Code addresses the office of insurance commissioner:[1]
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The powers, duties, management and control of the department of insurance are hereby conferred on and vested in the "insurance commissioner." |
Qualifications
The qualifications to be eligible for insurance commissioner is also spelled out in the Indiana Code:[1]
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...shall be familiar with and known to possess a knowledge of the subject of insurance and be skilled in matters pertaining thereto and shall be chosen solely for fitness, irrespective of political beliefs or affiliations. |
Appointments
Indiana state government organizational chart
The insurance commissioner is appointed by and serves at the pleasure of the governor.[1]
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The insurance commissioner shall be appointed by the governor...The commissioner shall serve and may be removed at the pleasure of the governor, and shall be the chief executive and administrative officer of the department. |
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 Indiana 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 commissioner of insurance is responsible for overseeing the Department of Insurance, which regulates insurance companies operating in Indiana. The commissioner works to promote improvements to insurance laws and the enforcement of said laws in Indiana.[1]
Divisions
The Department of Insurance, overseen by the commissioner of insurance, is divided into the following divisions:[3]
- Licensing
- Adjusters
- Consumer Services
- Company/Entity Financial Compliance
The Department of Insurance's budget was $128,011,785 for Fiscal Year 2022.[4]
Compensation
See also: Compensation of state executive officers2020
In 2020, the insurance commissioner received a salary of $124,147, according to the Council of State Governments.[5]
2019
In 2019, the insurance commissioner received a salary of $115,895, according to the Council of State Governments.[6]
2018
In 2018, the insurance commissioner received a salary of $115,895, according to the Council of State Governments.[7]
2017
In 2017, the insurance commissioner received a salary of $112,519, according to the Council of State Governments.[8]
2016
In 2016, the insurance commissioner received a salary of $110,313, according to the Council of State Governments.[9]
2015
In 2015, the insurance commissioner received a salary of $105,000, according to the Council of State Governments.[10]
2014
In 2014, the commissioner received a salary of $105,000, according to the Council of State Governments.[11]
2013
In 2013, the commissioner received a salary of $94,350, according to the Council of State Governments.[12]
2012
In 2012, the commissioner received a salary of $92,500, according to the Council of State Governments.
Historical officeholders
Note: Ballotpedia's state executive officials project researches state official websites for chronological lists of historical officeholders; information for the Indiana 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.
The link below is to the most recent stories in a Google news search for the terms Indiana Insurance Commissioner. These results are automatically generated from Google. Ballotpedia does not curate or endorse these articles.
Contact information
The Indiana Department of Insurance 311 West Washington Street, Suite 300 Indianapolis, IN, 46204
Phone: (317) 232-2385
See also
External links
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Suggest a link |
- Indiana Department of Insurance
- ↑ 1.0 1.1 1.2 1.3 1.4 Indiana Code, "IC 27-1-1-2," accessed January 20, 2021
- ↑ State of Indiana, "Gov. Holcomb Announces New Department of Insurance Commissioner," May 17, 2021
- ↑ Indiana Department of Insurance, "Home," accessed January 20, 2021
- ↑ Indiana General Assembly, "House Bill 1001," accessed September 13, 2021
- ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries, 2020," accessed January 20, 2021
- ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries, 2019," accessed January 20, 2021
- ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries, 2018," accessed January 20, 2021
- ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries, 2017," accessed January 20, 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