Industry Updates

NAIC Elects S.C. Insurance Director as Secretary-Treasurer

May 13, 2017

Members of the National Association of Insurance Commissioners (NAIC) recently elected South Carolina Insurance Director Ray Farmer to fill the position of secretary-treasurer. The position was vacated in April after the unexpected passing of former Texas Insurance Commissioner David Mattax.

“It is truly an honor to serve this great body. I believe my knowledge of the industry, and past and present regulatory experience in insurance regulation, will serve this organization well,” Farmer said.

Mr. Farmer joins President Ted Nickel, Wisconsin Commissioner of Insurance, President-Elect Julie Mix McPeak, Tennessee Commissioner of Commerce & Insurance, and Vice President Eric Cioppa, Superintendent of the Maine Bureau of Insurance to complete the NAIC’s leadership for 2017. The NAIC is the U.S. standard-setting and regulatory support organization created and governed by the chief insurance regulators from the 50 states, the District of Columbia, and five U.S. territories.

Mr. Farmer was appointed by Governor Nikki Haley to serve as Director for the South Carolina Department of Insurance November 13, 2012.  With more than forty years’ experience, Mr. Farmer received his degree in Insurance from the University of Southern Mississippi and earned his law degree from Atlanta’s John Marshall Law School.

Mr. Farmer previously served as the Deputy Insurance Commissioner of the Enforcement Division for the Georgia Department of Insurance and more recently Vice President for the American Insurance Association. Mr. Farmer is a native of Atlanta and he and his wife, Gayle, have two children and five grandchildren.

Press release: http://www.naic.org/Releases/2017_docs/naic_elects_secretary-treasurer.htm

For picture: http://www.doi.sc.gov/750/Meet-the-Director

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