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The Texas Department of Insurance has created a new division to focus exclusively on the complex issues facing health insurance and selected Richard Lunsford as the deputy commissioner of the new Life and Health Division.

Previously, policy decisions related to life and health insurance were part of the agency’s Regulatory Policy Division. That division has been split into two areas, one for life and health issues and the other for property and casualty insurance. Mark Worman, a 23-year agency veteran, will continue to lead the Property and Casualty Division.

Both divisions are charged with monitoring insurance products sold in Texas to ensure coverage is available and affordable. They also keep consumers and industry informed about market and regulatory trends that could affect them.

Lunsford has 23 years of experience in insurance, financial planning, and banking. He has held various positions with USAA, State Farm, and Morgan Stanley.

Source: TDI

Topics Texas