After 33 years on the Maine Bureau of Insurance coverage, together with 10 as superintendent and 13 as deputy superintendent, Eric Cioppa will retire on April 1, 2022.
Cioppa joined the insurance coverage division in 1988 as a statistician then served as supervisor of the employees’ compensation part, previous to turning into deputy superintendent in 1998 after which superintendent in 2011. Cioppa’s appointment to function superintendent was reconfirmed by the legislature in 2017.
All through his tenure on the bureau, and particularly in recent times, Cioppa has additionally been concerned with serving to to set nationwide priorities, develop mannequin legal guidelines and regulation, and act as a spokesperson for the Nationwide Affiliation of Insurance coverage Commissioners (NAIC). He served as president of the NAIC in 2019, vice chairman in 2017 and secretary in 2016 along with chairing and serving on quite a few committees.
His regulatory colleagues on the NAIC additionally appointed him to serve a two-year time period as their non-voting member consultant on the U.S. Monetary Stability Oversight Council in 2018, and appointed him for a second two-year time period in 2020.
Governor Janet Mills thanked Cioppa on behalf of all Mainers. “Superintendent Cioppa has completed a lot for Maine individuals throughout his tenure on the Bureau,” acknowledged Governor Janet Mills. “From his work to overtake the employees’ compensation system within the state within the early ’90s, to overseeing the implementation of the Inexpensive Care Act in Maine since 2010, to working with my administration on medical health insurance and shopper monetary protections in the course of the pandemic — and all of the legislative, regulatory and enforcement work in between — Superintendent Cioppa’s contributions to the well being and welfare of Mainers have been invaluable. I’ll deeply miss him.”
Division of Skilled and Monetary Companies Commissioner Anne Head mentioned that Cioppa “has been an unimaginable asset to the state and its individuals; he’s been tireless in his work to guard the rights of Mainers and to assist enterprise innovation and competitors in Maines insurance coverage business.”
The administration is endeavor a nationwide search to determine candidates for the Superintendent of Insurance coverage place.
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