Full Text of HR0316 97th General Assembly
HR0316 97TH GENERAL ASSEMBLY |
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| 1 | | HOUSE RESOLUTION
| 2 | | WHEREAS, Michael T. McRaith began his service as Director | 3 | | of the Illinois Department of Insurance on March 21, 2005; and
| 4 | | WHEREAS, Since 2005, Director McRaith has served as | 5 | | President of the Illinois Comprehensive Health Insurance Plan | 6 | | and has supervised the Senior Health Insurance Program; and
| 7 | | WHEREAS, During his tenure, Director McRaith has been a | 8 | | tireless advocate for insurance consumers in Illinois and | 9 | | across the United States; and
| 10 | | WHEREAS, Director McRaith successfully advocated for the | 11 | | reestablishment of the Illinois Department of Insurance as an | 12 | | independent agency of State government, a position it held for | 13 | | more than a century prior to its consolidation with several | 14 | | other State agencies in 2004; and
| 15 | | WHEREAS, Director McRaith has been a leader in developing, | 16 | | drafting, and advocating for State and national health | 17 | | insurance reforms that benefit patients, families, and small | 18 | | employers in Illinois; and
| 19 | | WHEREAS, Director McRaith led the Department's | 20 | | investigation into the practice of contingent commission |
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| 1 | | payments by insurers and negotiated national settlement | 2 | | agreements on behalf of the Department and the National | 3 | | Association of Insurance Commissioners (NAIC); and
| 4 | | WHEREAS, Director McRaith supervised the solvent run-off | 5 | | of Kemper Insurance Group, the largest insurer run-off in U.S. | 6 | | history; and
| 7 | | WHEREAS, Director McRaith was elected Secretary-Treasurer | 8 | | of the NAIC in 2010, and has previously served as Chairman of | 9 | | the NAIC's Midwest Zone and Chair or Vice Chair of numerous | 10 | | substantive committees, including the Property and Casualty | 11 | | (C) Committee, the Rating Agency Working Group, Industry | 12 | | Liaison Committee, the Health Insurance Exchange Working | 13 | | Group, and the Broker Activities Task Force; and
| 14 | | WHEREAS, Director McRaith represented the NAIC at the | 15 | | international Organization for Economic Cooperation and | 16 | | Development and on the International Association of Insurance | 17 | | Supervisors Corporate Governance Subcommittee; and
| 18 | | WHEREAS, Director McRaith's work with the NAIC has ensured | 19 | | that Illinois consumers and domestic insurers are nationally | 20 | | and internationally represented; and
| 21 | | WHEREAS, Director McRaith has testified on behalf of the |
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| 1 | | State of Illinois and the NAIC before the U.S. Senate Special | 2 | | Committee on Aging, the U.S. Senate Committee on the Judiciary, | 3 | | the U.S. Senate Committee on Finance, twice before the U.S. | 4 | | Senate Committee on Banking, Housing, and Urban Affairs, the | 5 | | U.S. Senate Committee on Health, Education, Labor and Pensions, | 6 | | twice before the U.S. House Subcommittee on Capital Markets, | 7 | | Insurance and Government Sponsored Enterprises, the U.S. House | 8 | | Subcommittee on Financial Institutions and Consumer Credit, | 9 | | and the President's Antitrust Modernization Commission; and
| 10 | | WHEREAS, Director McRaith helped convene the first | 11 | | National Catastrophe Insurance Summit and was appointed to | 12 | | serve as Chair of the Illinois Seismic Safety Task Force; and
| 13 | | WHEREAS, Director McRaith is not only a dedicated public | 14 | | servant, but also a friend, a leader, and an inspiration to | 15 | | those who work with him; and
| 16 | | WHEREAS, Director McRaith demonstrates the same level of | 17 | | passion and commitment in his personal life, serving on the | 18 | | Executive Committee of the AIDS Foundation of Chicago and the | 19 | | American Foundation for Suicide Prevention, Chicago Chapter; | 20 | | and
| 21 | | WHEREAS, Director McRaith has been appointed by the | 22 | | Secretary of the U.S. Treasury to serve as the first Director |
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| 1 | | of the Federal Insurance Office and will be leaving his post as | 2 | | Director of the Department of Insurance on May 31, 2011; | 3 | | therefore, be it
| 4 | | RESOLVED, BY THE HOUSE OF REPRESENTATIVES OF THE | 5 | | NINETY-SEVENTH GENERAL ASSEMBLY OF THE STATE OF ILLINOIS, that | 6 | | we thank Michael T. McRaith for his service to the people of | 7 | | the State of Illinois and wish him continued success and | 8 | | happiness in the future; and be it further
| 9 | | RESOLVED, That a suitable copy of this resolution be | 10 | | presented to Michael T. McRaith as a symbol of our respect and | 11 | | esteem.
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