The Illinois Insurance Department has 3 major operating Sections: Consumer-Market, Financial-Corporate Regulatory, and Legal. The mission of the the Washington Insurance Commissioner’s Office is: "To protect consumers by providing assistance and information, by efficiently regulating the insurance industry's market behavior and financial solvency, and by fostering a competitive insurance marketplace."
Illinois Insurance Commissioner
Michael T McRaith is the current Illinois State Department of Insurance Commissioner. Prior to his appointment, Director McRaith worked fifteen years in private practice as an attorney in Chicago. Director McRaith represented national and regional financial institutions, including insurers, in finance-related litigation. On top of that McRaith's resume is quite impressive as well serving as President of the Board Of Directors for the Illinois Comprehensive Health Insurance Plan (a high risk health insurance pool). as well as supervising the State’s Senior Health Insurance Program (SHIP). Before this he received a Bachelor Of Arts Degree from Indiana University and received a law degree from Loyola University School Of Law In Chicago.
Illinois Annuity Resources
In 1893 the first Insurance commissioner was appointed in the state of Illinois, his name was Bradford Durfee. Since the appointment of the first Illinois Insurance Commissioner, there has been 41 other commissioners, all of which have served between 1 and 7 year terms. If your a resident of Illinois, to find Insurance and annuity information, you can visit the resource page on the departments web site here and if you want to find additional information related to insurance or annuities, you can call the free insurance consumer hotline at: (866) 445-5364 or visit their web site at http://www.insurance.illinois.gov/.
|State Commissioner:||Michael T. McRaith|
|Insurance Hotline:||(217) 785-0116|
|Annuity Guarantee Limit:||$100,000|
|Links:||Annuities and Senior Citizens|