Louisiana Insurance Commissioner Jim Donelon will take over as president of the National Association of Insurance Commissioners as the new year begins. The group is focused on developing standards and best practices for insurance regulators across the country and coordinates regulatory oversight of the insurance markets.
?Donelon has been a member of the organization since he was first elected insurance commissioner in 2006 and over the past five years has chaired the group's Surplus Lines Task Force, which deals with outside insurers who provide high-risk policies.
"I am pleased to have this opportunity to serve the NAIC and the citizens of Louisiana in this capacity," said Commissioner Donelon. "Louisiana is a significant consumer of insurance in the national, and even international, marketplace. Through this position, I will be able to engage in the insurance debate on a leadership level, and place Louisiana at the forefront in the study and development of insurance regulation."