ICBM to meet with Acting Commerce Commissioner Arnold

Minnesota’s Deputy Commissioner of Insurance, Grace Arnold, was named Acting Commerce Commissioner after the Minnesota Senate rejected Steve Kelley as Gov. Tim Walz’s nominee to be Commerce Commissioner. The vote on Kelley came earlier this month. 

The ICBM acted quickly to schedule a meeting with Acting Commissioner Arnold. That meeting is set for October 5. “The goal of the meeting is to introduce the Acting Commissioner to the association and to bring her up to speed on the issues we are working on that are important to community bankers,” said ICBM President and CEO Jim Amundson. 

The Deputy Commissioner of Insurance maintains oversight of the solvency, policy form approval, rate review and review of insurance transactions for life insurance, health insurance and property & casualty insurance business in the state.

Prior to joining the DOC, Arnold led the development of individual and family plans at Bright Health, a Minneapolis-based health insurance carrier. Arnold also held a variety of positions at the Center for Consumer Information and Insurance Oversight of the Centers for Medicare and Medicaid Services, most recently as Chief of Staff to the Chief Technology Officer. 

Arnold has a master’s degree in public health from George Washington University and holds an undergraduate degree in biology from Macalester College.

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