4/4/2019 3:26:52 PM
For Immediate Release
SAINT PAUL – Minnesota Commerce Commissioner Steve Kelley today announced new leadership for the department’s Insurance Division, appointing Grace Arnold as Deputy Commissioner of Insurance.
“I am pleased to announce Grace’s appointment, particularly because she has a strong background in solving complex challenges in order to bring value to Minnesota consumers,” said Commissioner Kelley, whose agency, among other activities, evaluates insurance products to ensure that all legal requirements are met, that Minnesotans are charged fair rates and that insurance companies are financially solvent and able to pay Minnesotans’ claims.
In her role at the Department of Commerce, Arnold will oversee solvency, policy form approval, rate review and review of insurance transactions for life insurance, health insurance, as well as property and casualty insurance business conducted in Minnesota.
Before joining the Department of Commerce, Arnold served as the manager of individual and family plans at Bright Health Plan. Prior to that, Grace worked for the Center for Medicare, Medicaid & Marketplaces Services in Bethesda, Maryland, where she held several positions implementing the private insurance provisions of the Affordable Care Act at the Center for Consumer Information and Insurance Oversight, including Chief of Staff to the Marketplace Chief Technology Officer.
Arnold graduated from Macalester College and the George Washington University, where she earned a Master of Public Health in Health Policy.
Fred Andersen, the Department of Commerce’s current Acting Deputy Commissioner of Insurance and Chief Life Actuary, will continue his role at the Department as Chief Life Actuary.