WASHINGTON – Julie Mix McPeak, the Tennessee Department of Commerce & Insurance Commissioner and immediate former president of the National Association of Insurance Commissioners, has resigned on June 14.
Ms. McPeak, who was first appointed to the Commissioner then-Gov. Bill Haslam 2011 will pursue career opportunities in the private sector, according to a departmental statement on Monday.
Tennessee Gov. Bill Lee has been appointed Deputy Commissioner Carter Lawrence to serve as the interim commissioner until a permanent commissioner is selected, according to the statement.
Under his leadership, the department has modernized Tenson's imprisonment insurance laws, with the sector exceeding $ 1
"It is one of the truly impressive things I think we can point out over the past eight years – The creation of a captive industry where we really didn't have one before, she told Business Insurance on the side of the NAIC International Insurance Forum in Washington on Tuesday. "I think it will continue to grow. I believe that a lot of staff will be in place and be equally focused on continued growth in the captured market. Growth has actually flattened a little when it comes to exponential creation of companies, but it is okay because we are now at the place where we have to start doing the five-year surveys of companies that have been active, so we have a lot to do. We try to do all these investigations internally to reduce costs and keep Tennessee as an attractive home. "
Tennessee is the world's 12th largest captive, with 169 prisoners licensed at the end of 2018, up from 155 at the end of 2017, according to business insurance latest ranking.
Ms McPeak, Also, a former CEO of the Kentucky Office of Insurance said she did not have any immediate work plans.