Insurance Commissioner qualifications.

Existing law creates the Department of Insurance, headed by the Insurance Commissioner, and prescribes the commissioner's qualifications and duties. Existing law requires the commissioner to be a person competent and fully qualified to perform the duties of the office and prohibits the commissioner from being an officer, agent, or employee of an insurer or directly or indirectly interested in an insurer or licensee, except as specified. This bill would additionally require the commissioner, within 10 years before election, to have had at least 5 years of senior, management, or supervisory insurance experience in the private sector or a state or federal agency, as specified.