Panel solicits applicants for insurance regulator

Posted at: 05/17/2013 8:11 AM
By: The Associated Press

SANTA FE, N.M. (AP) - Former State Insurance Superintendent Chris Krahling has been named to a panel that will select New Mexico's top insurance regulator.

A nine-member committee will select the next superintendent of insurance, who starting in July will be in charge of an independent office regulating insurance rates and policies.

The committee meets next Tuesday in Albuquerque, and is accepting applications for the superintendent's position until the end of the month.

A voter-approved constitutional amendment removed insurance regulation from the five-member elected Public Regulation Commission, which currently picks the superintendent.

The governor and Legislative Council each appointed four people to the selection committee and those members named Krahling as the ninth.

He was insurance superintendent from 1995 to 1998, and later served as CEO of a workers' compensation insurance company.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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