Ben Nelson has decided he will not renew his contract as CEO of the National Association of Insurance Commissioners (NAIC).
His current term ends on 31 January 2016 when he will then return to his private law practice in Nebraska and Washington DC.
Nelson plans to be available in a consulting role to the NAIC as needed during the transition.
He commented: “I have truly appreciated the opportunity to return to the NAIC following my retirement from the US Senate [and on] 1 October 2015 [it] marks 50 years since I commenced my work supporting state insurance regulation.”
He began his career with the Nebraska Department of Insurance as supervisor of claims and inquires, then followed as director of the Nebraska department. He has also served roles as executive vice president of NAIC, governor of Nebraska and as a US senator.
Monica Lindeen, NAIC president and Montana insurance commissioner, commented: “On behalf of the officers and members of the NAIC, I want to thank Nelson for his service to our organisation.”
