Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Life Health > Health Insurance

Regulator Moves To Law Firm

X
Your article was successfully shared with the contacts you provided.

The insurance commissioner for the District of Columbia is stepping down to take a job at a district law firm.[@@]

Lawrence Mirel, who has been the D.C. insurance commissioner since 1999, says he was approached to join the law firm several months ago and has been negotiating his departure since.

Mirel submitted a letter of resignation Aug. 10 and says he expects to join the law firm Oct. 1.

One of Mirel’s accomplishments at the D.C. insurance department was making the district competitive with Vermont in the chartering of captive insurance companies.

Organizations set up captives to avoid paying for insurance from outside companies.

Since the D.C. department was authorized to charter captive insurance companies in 2001, it has issued licenses to 53 captives, according to Mirel’s figures.


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.