Kevin Clinton was appointed Commissioner of the Office of Financial and Insurance Regulation by Governor Rick Snyder effective April 16, 2011. As Commissioner, Mr. Clinton is responsible for the regulation of the Michigan financial service industries, including insurance, banking and securities. The commissioner administers 29 public acts and regulates a variety of individual licensees and entities, including Blue Cross Blue Shield, 25 HMOS, 114 banks, 171 domestic insurance companies, 196 credit unions, 1,458 foreign insurance companies, 1,778 investment advisor firms, 1,969 securities broker-dealer firms, 194,835 insurance agents, 131,194 securities agents, 9,214 investment advisor representatives, 3,958 mortgage licensees and registrants, 656 deferred presentment companies and 2,387 other consumer finance-related entities. Before being appointed commissioner, Clinton served for more than six years as president and CEO of American Physicians Capital, Inc. (APCapital), a publicly-traded medical professional liability insurance provider based in East Lansing, MI. Before becoming president and CEO, he worked as the company’s vice president and chief operating officer. Prior to joining AP Capital in 2001, Clinton served for nearly five years as president and CEO of MEEMIC Insurance Company, a publicly-traded property and casualty insurance holding company based in Auburn Hills, MI. He was also chief financial officer at ProNational Insurance Company. Commissioner Clinton’s extensive experience and expertise in the insurance industry also includes actuarial positions in the private sector as well as service as chief actuary for the Michigan Insurance Bureau in the 1980s. He holds Bachelors of Business Administration and Masters of Actuarial Science degrees from the University of Michigan. |