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Chief, Market Conduct Examiner (Life and Health)

Company:
State of Maryland
Location:
Baltimore, MD, 21203
Posted:
May 07, 2024
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Description:

Introduction The Maryland Insurance\nAdministration (MIA) is an independent State agency that regulates Maryland's\ninsurance industry and protects consumers by monitoring and enforcing insurers'\nand insurance professionals' compliance with State law.

Through the diligence\nof a highly professional staff of market analysts, financial analysts,\naccountants, lawyers, law enforcement officers, actuaries, complaint\ninvestigators, and others, the MIA works to facilitate a strong and competitive\ninsurance marketplace where consumers are well informed and treated fairly.\nStaff members are subject matter experts who serve as a resource for lawmakers,\nconsumers, and other public and private entities.\nThe MIA is charged with a\nbroad range of responsibilities including the licensure of insurance carriers\nand insurance producers (brokers/agents) operating in Maryland, the conduct of\nfinancial examinations of companies to monitor financial solvency, and the\nreview and approval of rates and contract forms.

The MIA investigates reports\nof consumer fraud and consumer complaints about life, health, automobile,\nhomeowners, and/or property insurance.

Insurance carriers are subject to market\nconduct examinations and other actions to monitor compliance with Maryland\nlaw.

The MIA also has a unit dedicated to consumer education and\noutreach, which participates in hundreds of events and reaches thousands of\nindividual consumers annually.\n GRADE 21\n LOCATION OF POSITION Baltimore City\n Main Purpose of Job This position manages all aspects of market conduct examinations and investigations involving life and health insurance companies and other licensees operating in the state of Maryland.

The Chief Examiner oversees the senior examiners and examiners.

This position is responsible for working with the Market Analysis Unit to select companies to be examined and to determine the type of market conduct continuum action to be performed utilizing guidelines contained in the NAIC Market Regulation Handbook for the examination of life and health insurance companies and other licensees.

In addition, the Chief Examiner oversees and schedules appropriate market conduct investigations and exams necessitated by market trends, emerging compliance issues, and/or complaints.\n MINIMUM QUALIFICATIONS Bachelor's degree from an\naccredited four-year college or\nuniversityandsevenyearsof life and health insurance experienceas an underwriter, claims adjuster, insurance\nproducer, insurance regulator, or related profession,which\nincludestwoyears of supervisory or management experience.

\nOR\nHigh school diploma or\nGEDandelevenyearsof life and health insurance\nexperience asan underwriter, claims adjuster, insurance producer,\ninsurance regulator, or related profession, which includes two years of\nsupervisory or management experience.\n DESIRED OR PREFERRED QUALIFICATIONS * Possession of a\nCertified Insurance Examiner (CIE), Accredited Insurance Examiner (AIE), Market\nConduct Management (MCM), Associate Professional in Insurance Regulation or\nrelated professional designation.\n BENEFITS STATE OF MARYLAND BENEFITS\n\n FURTHER INSTRUCTIONS If you have any questions\nabout this recruitment, please contact . \nFor immediate\nconsideration, upload one WORDorPDF file, at the 'Resume'\ntab, that contains: \n1.

a cover letter stating\nyour interest and specific salary requirements; and \n2.

a current professional\nresume.

\n\nThe online application\nprocess is preferred.

If you are unable to apply online, you may submit\nthe requested information via mail.

Please be sure to include all\ndocuments listed above to ensure timely processing.

Complete application\npackets may be mailed to: \nMaryland Insurance\nAdministration \nHuman Resources -\nRecruitment #:\n200St.

Paul Place,\nSuite 2700 \nBaltimore, MD 21202 \n

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