WASHINGTON BUREAU — Connecticut Insurance Commissioner Thomas Sullivan resigned Monday and will be taking a job in the Hartford office of PricewaterhouseCoopers L.L.P., officials say.
Debra Korta, a representative for the Connecticut department, says Sullivan submitted a letter of resignation to Gov. Jodi Rell Monday. She says he will start the job at PricewaterhouseCoopers Nov. 15.
It is unclear when a new commissioner will be appointed. Rell’s term expires Jan. 5.
In a copy of the Sullivan resignation letter released by the Connecticut department, Sullivan does not say why he is resigning. Sullivan says he takes pride in accomplishments such as accelerating the insurer licensing process, introducing an online licensing payment system, and reducing a backlog of paperwork in the department’s property-casualty division.
Sullivan, a former insurance industry executive, was appointed Connecticut insurance commissioner in 2007. He has been active in the National Association of Insurance Commissioners (NAIC), Kansas City, Mo., and he has been the 2010 chair of the NAIC’s Life Insurance and Annuities Committee.
Sullivan was a strong defender of retained asset accounts (RAA) when they came