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Lawmakers name 4 to select N.M. insurance regulator

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SANTA FE, N.M. (AP) — Former Public Regulation Commissioner Jason Marks has been named to a panel that will select New Mexico’s top insurance regulator.

The Legislative Council on Tuesday appointed Marks, Albuquerque lawyer Maureen Sanders and two insurance agents, Bill Kinyon of Clovis and Scott Yurcic of Las Cruces.

They will serve on a nine-member committee that names the superintendent of insurance, who will run an independent office regulating insurance rates and policies starting in July.

Voters approved a constitutional amendment to establish an independent insurance regulator — removing those operations from the five-member elected Public Regulation Commission, which currently picks the insurance superintendent.