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Insurance commissioner voices support for merger of securities and insurance departments
2140501 · January 22, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.
Summary
Insurance Commissioner John Godfrey told the committee he supports Senate Bill 2214, which would merge the securities division with the Insurance Department; he cited administrative efficiencies and examples from other states but said the committee will need to consider the specifics.
Commissioner John Godfrey told the committee there is a bill pending in the Senate (Senate Bill 2214) proposing a merger of the securities department with the Insurance Department. Godfrey said the idea has surfaced in prior sessions and that the department supports renewed consideration…
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