MaineInsurancerEg.org
Title
Bureau Of Insurance - State of Maine
Description
The Bureau of Insurance, within the Department of Professional and Financial Regulation, regulates the insurance industry for solvency and consumer protection. It does so through its examining and licensing procedures of insurance companies, by licensing producers, by reviewing rates and coverage forms, conducting audits, and by sponsoring programs that enhance awareness of and compliance with State laws. The Bureau has statutory authority to enforce the State’s laws and rules pertaining to insurance, and it initiates investigations and holds hearings concerning possible infractions of them.
Alessandro A. Iuppa was initially appointed Maine’s Superintendent of the Insurance January 1998 and was re-appointed to a second term by Governor Baldacci in March 2004.
He is an active participant on insurance issues at both the national and international levels. In December 2004 he was elected President-elect of the National Association of Insurance Commissioners (NAIC); he will assume the office of President in December 2005. He currently serves on a number of NAIC Committees including the Executive Committee, Reinsurance Task Force and the International Insurance Committee. He is also designated by the NAIC to represent the United States at the International Association of Insurance Supervisors (IAIS) where he serves as Chair of the Executive Committee. During the past several years he has made numerous presentations on insurance matters in China, India, South Africa, Japan, and Europe on behalf of the NAIC, IAIS, and OECD.
