Via AP Business

NASHVILLE, Tenn. (AP) — Tennessee Commerce and Insurance Commissioner Julie Mix McPeak is leaving state government for the private sector.

A department news release says her last day will be June 14.

McPeak was first appointed commissioner by Gov. Bill Haslam in 2011. Her accomplishments include getting the department accredited by the National Association of Insurance Commissioners.

She also worked to modernize Tennessee’s captive insurance laws. That resulted in Tennessee’s domestic captive insurance companies exceeding $1 billion in written premiums in 2017.

Gov. Bill Lee has named Deputy Commissioner Carter Lawrence to serve as interim commissioner until a permanent replacement is selected.

Lawrence has a law degree from the University of Tennessee, where he also obtained a Master of Business Administration.

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