Missouri Director of Insurance named treasurer of the nation insurance compact

  

JEFFERSON CITY, Mo. — The Missouri Director of Insurance, Financial Institutions and Professional Registration was elected to a leadership role in a statewide commission tasked with improving the efficiency and effectiveness in the ever-changing insurance marketplace.

At the annual Interstate Insurance Product Regulation Commission (IIPRC) meeting in San Francisco, Missouri’s Chlora Lindley-Myers was elected as treasurer. The Insurance Compact also selected Ohio Insurance Director Jillian Froment as chair and Rhode Island Insurance Superintendent Beth Dwyer as vice chair.

The Interstate Insurance Product Regulation Commission serves insurance regulators, consumers and providers by improving efficiency and effectiveness in the insurance marketplace. In 2019, the Insurance Compact will undertake the development of new Uniform Standards for group annuity products, and updating its procedures to possibly expand use of Compact-approved products for non-employer groups.

“I appreciate this opportunity to serve as a Compact Officer,” said Lindley-Myers. “As treasurer, I will work with the Insurance Compact office to monitor and report on the impact of the changes in the 2019 Annual Budget including expansion of the categories for registered companies, an expedited review pilot program and the addition of new reviewer resources.”

The Missouri Department of Insurance is responsible for consumer protection through the regulation of financial industries and professionals. The department’s seven divisions work to enforce state regulations both efficiently and effectively while encouraging a competitive environment for industries and professions to ensure consumers have access to quality products.

Alisha Shurr is a reporter for the Missouri Times and Missouri Times Magazine. She joined the Missouri Times in January 2018 after working as a copy editor for her hometown newspaper in Southern Oregon. Alisha is a graduate of Kansas State University. Contact Alisha at alisha@themissouritimes.com.