Executive Chief, Market Regulation

State of Maryland•Baltimore City, MD

12h

About The Position

The Maryland Insurance Administration (MIA) is an independent State agency that regulates Maryland’s insurance industry and protects consumers by monitoring and enforcing insurers’ and insurance professionals’ compliance with State law. The MIA’s responsibilities include licensing insurance carriers and producers, conducting financial examinations, reviewing and approving rates and contract forms, investigating consumer fraud reports and complaints, monitoring market conduct compliance, and providing consumer education and outreach. The Executive Chief, Market Regulation serves in the Market Regulation and Professional Licensing Division and oversees and manages the Market Regulation area, including Market Data Analysis, Life & Health Market Conduct, and Property & Casualty Market Conduct. The position directly supervises Chief positions and indirectly supervises Market Conduct Examiners and Market Data Analysts. It writes or reviews reports, orders, and other documents related to market conduct actions or market data analyses, and provides technical advice on conducting market conduct actions and applying Maryland or federal laws. The Executive Chief keeps current on best practices and legal changes and collects data to monitor market conduct examinations and investigations, MFR data, and actions required by legislative audits and statutes, helping ensure the Division complies with applicable requirements. This is a Management Service position serving at the pleasure of the Appointing Authority. The recruitment is open only to current employees of the Maryland Insurance Administration. The position is located in Baltimore City or hybrid between the office and telework.

Requirements

Bachelor’s degree from an accredited four-year college or university and eight years of experience in life and health and/or property and casualty insurance compliance for a regulatory agency or insurer, including two years of supervisory or management experience.
Alternatively, a high school diploma or GED and twelve years of experience in life and health and/or property and casualty insurance compliance for a regulatory agency or insurer, including two years of supervisory or management experience.
Must be a current employee of the Maryland Insurance Administration.

Nice To Haves

Certified Insurance Examiner (CIE), Accredited Insurance Examiner (AIE), Market Conduct Management (MCM), Associate Professional in Insurance Regulation (APIR), or related professional designation.

Responsibilities

Oversee and manage the Market Regulation area, including Market Data Analysis, Life & Health Market Conduct, and Property & Casualty Market Conduct.
Directly supervise Chief positions and indirectly supervise Market Conduct Examiners and Market Data Analysts.
Write or review reports, orders, and other documents related to market conduct actions or market data analyses.
Provide technical advice on the conduct of market conduct actions and the application of Maryland or federal laws.
Keep up to date on best practices and changes to the law.
Collect data to monitor the status of market conduct examinations and investigations, MFR data, and actions required by legislative audits and statutes.
Help ensure the Division complies with statutory and other requirements.