State Insurance Commissioner Jay Bradford announced that Mel Anderson, the deputy commissioner for Financial Regulation at the Arkansas Insurance Department, has been selected by the Arkansas Society of Certified Public Accountants as its Outstanding CPA in Government for 2011.
Anderson joined the Arkansas Insurance Department in 1998 as assistant commissioner for Financial Regulation after having served as chief examiner and deputy commissioner of the Indiana Department of Insurance. In his current position, Anderson manages the financial regulation functions of the Arkansas Insurance Department, including financial analysis, financial and market conduct examinations on domestic and foreign insurance companies, health maintenance organizations, and other insurance-related entities.
Anderson and his staff were also recently honored by the National Association of Insurance Commissioners (NAIC), which accredited the Arkansas Insurance Department. Accredited departments undergo a comprehensive, independent review every five years to ensure they continue to meet baseline financial solvency oversight standards.
Accreditation standards require state insurance departments to have adequate statutory and administrative authority to regulate an insurer’s corporate and financial affairs, as well as the necessary resources to carry out that authority.
Anderson serves on various committees and working groups of the NAIC including Chair of the NAIC International Accounting Standards Working Group.
Source: Arkansas Department of Insurance
Topics Legislation Alaska
Was this article valuable?
Here are more articles you may enjoy.
Hospital to Pay $65M to End Suit Over Cyberattack That Exposed Patients’ Nude Photos 
Sentry Buys Nonstandard Auto Insurer The General From American Family for $1.7B 
US Nuclear Verdicts Break Records and Drive Social Inflation to 7% in 2023: Report 
In Latest Salvo AIG Says its Former Execs at Dellwood Are ‘Bad Leavers’ 
