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PHOENIX, AZ - Rod Morris is the new Captive Administrator at the Arizona Department of Insurance. Morris has over 35 years of successful insurance industry experience, including more than 20 years in senior management of field operations, underwriting, sales and marketing, risk mitigation, and product development. More recently, Morris was Vice President for Insurance at the Overseas Private Investment Corporation (OPIC), the federal agency that provides highly specialized political risk and financing support to U.S. investors in over 150 foreign countries. At OPIC, Morris improved profits, created new risk management approaches and developed unique risk protection products including one for stabilizing currency depreciation.
Insurance consumers shopping for life insurance or annuities may find the experience a bit easier now that provisions of a new law went into effect1. The law establishes new requirements for insurers and producers who sell new or replace existing life insurance policies and annuity contracts.