The Mountain State has a new top insurance regulator.
The New Mexico Public Regulation Commission says it has hired Morris Chavez to be the state’s new superintendent of insurance.
Chavez succeeds Eric Serna, who left office after an investigation raised questions about the contract for a bank custodial account.
Chavez, who will earn a salary of $91,500 a year, has been the state gaming representative on the New Mexico Gaming Control Board since 2004.
Chavez also has been surety consultant and corporate counsel for the Manuel Lujan Insurance Inc, Albuquerque, N.M., and an account executive at Talbot Agency Inc., Albuquerque.