Introduced by Sen. Samuel B. Thomas, III (D) on January 25, 2005, to provide for a statewide elected insurance commissioner. Under current law, the state insurance commissioner is appointed by the governor, and is the director of the state Office of Financial and Insurance Services (OFIS). See also Senate Joint Resolution A, which would place this provision in the state Constitution.
Referred to the Senate Banking and Financial Institutions Committee on January 25, 2005.