Connecticut House Bill HB05719

Connecticut 2011 Regular Session

• Introduced: 1/21/11
• Refer: 1/21/11

Caption

An Act Concerning Election Of The Insurance Commissioner.

Impact

The implementation of HB 5719 will result in significant modifications to how the Insurance Commissioner is selected, marking a departure from an appointed position. This shift is anticipated to generate a broader public interest and engagement in the regulatory landscape of insurance within the state. Furthermore, the bill stipulates campaign finance rules that candidates must follow, placing restrictions on contributions from individuals and entities that hold significant contracts or regulatory ties with the Insurance Department. This is aimed at preventing conflicts of interest and ensuring that the elected official serves the public effectively.

Summary

House Bill 5719 proposes to amend existing legislation by establishing the Insurance Commissioner as a statewide elected official. Under this bill, the Insurance Commissioner will be elected for a four-year term, aligning the election process with that of state constitutional officers. This change is designed to enhance the accountability and visibility of the Insurance Commissioner within the state government, ensuring that the role is directly subject to the electorate's will. The inaugural election for the Insurance Commissioner under this new framework is scheduled for 2012, with elections occurring every four years thereafter.

Contention

During discussions surrounding the bill, there were notable points of contention among lawmakers and stakeholders. Proponents argue that electing the Insurance Commissioner would enhance governmental accountability, while critics fear that this could lead to increased political influence in regulatory decisions. Concerns were raised about whether the election process might turn the role into a political battleground, potentially hindering the impartiality required for effective insurance regulation. The balancing act between maintaining regulatory integrity and fostering democratic participation remains a key issue for supporters and detractors alike.