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Virginia insurance commissioner to retire

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Virginia insurance commissioner to retire

Virginia Insurance Commissioner Jacqueline Cunningham will retire at the end of the year, the Virginia State Corporation Commission’s Bureau of Insurance said Thursday.

Ms. Cunningham, who served 30 years with the insurance bureau, was appointed commissioner of insurance on Jan. 1, 2011, the commission said in a statement.

Ms. Cunningham originally joined the bureau in 1981 as a policy forms reviewer in the life and health division and later served as a senior examiner, supervisor of the forms and rates section, chief examiner and deputy commissioner within the life and health division before being named commissioner of insurance.

Ms. Cunningham currently serves as chair of the Washington-based Interstate Insurance Product Regulation Commission, a multistate public entity that serves as a central filing point for a number of insurance products, including life insurance, annuities, disability income and long-term care insurance. She is a former vice chair of the producer licensing task force and a former member of the government relations leadership council of the Kansas City, Missouri-based National Association of Insurance Commissioners.

In addition, she served for three years as a member of the Federal Advisory Committee on Insurance, advising the Federal Insurance Office within the U.S. Treasury Department on insurance matters.

The commission will begin advertising for Ms. Cunningham’s replacement within the next few weeks and hopes to fill the position soon enough for there to be some overlap with the retiring commissioner, a spokeswoman said in an email.

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