Mike Chaney, Mississippi’s 11th Commissioner of Insurance and State Fire Marshal, is currently serving his third term in office. First elected in 2007, Chaney brought extensive business
knowledge and experience to the office combined with 15 years of service in the Mississippi House and Senate.
His priorities throughout his terms in office remain steadfastly committed to consumer protection and application of technology for efficiency of the department to serve the state and consumers.
He is leading the department in making strides in healthcare reform; disaster recovery from flood, tornado and hurricane events; bail bond industry reform; and reductions in state fire deaths.
An active member of the NAIC, Chaney serves on numerous committees, task forces and working groups. Among the issues he is involved in addressing are examination oversight, accounting practices,
producer licensing, health insurance and managed care, senior issues, catastrophe and property and casualty insurance.
As Commissioner, he was inducted into the Insurance Hall of Fame at his alma mater, Mississippi State University. He received the Distinguished Service Award from the University of Mississippi
Risk Management and Insurance program and its Professional Society. He has been named one of the top insurance professionals by Insurance Business America Magazine, and was named a Healthcare
Hero by the Mississippi Business Journal.
Commissioner Chaney has served on numerous community development entities and corporate boards. He is also a Rotarian and Paul Harris Fellow.
He is a veteran of the United States Army, serving in Vietnam. Chaney and his wife, Mary have three children and eight grandchildren.
The Commissioner of Insurance is elected to a four-year term and may be re-elected.
Miss. Code Ann. § 83-1-1 et seq.
The Commissioner is charged with execution of all laws relative to insurance companies, corporations, associations and
fraternal orders, their agents and adjusters. The Commissioner licenses and regulates the practices of all insurance
companies, agents, burial associations, fraternal societies, bail bondsmen, and other entities engaged in the
business of insurance. The Commissioner, as State Fire Marshal, acting through the State Chief Deputy Fire Marshal,
investigates all fires called to his attention occurring in the state, licenses manufacturers, installers/transporters
and dealers of mobile homes and regulates their practices. The Commissioner, through the State Fire Marshal Division,
administers the Mississippi Fire Prevention Code. The Commissioner, through the Fire Service Development Division,
establishes guidelines, use and accountability for municipal and county fire protection funds. The Commissioner administers
the Liquefied Compressed Gas Equipment Law (Miss. Code Ann. § 75-57-1 et seq.) and enforces the National Fire
Protection Association Code, Books 54 and 58. The Commissioner encourages and supports all employees to attain and
maintain professional designations in their career fields.
The Mississippi Surplus Lines Association (MSLA) is a non-profit association created to provide a stamping procedure
for all eligible non-admitted/surplus lines insurance policies sold on risks to ensure the proper payment of premium taxes
to the State of Mississippi. This association, under the direction of the Commissioner, has no separate regulatory
powers. MSLA enables the Department to ensure that proper taxes are paid to the State of Mississippi. As a result of this
law, the State receives additional taxes that were not received in previous years. Miss. Code Ann. § 83-21-17 et seq.
In addition to his regular duties, Commissioner Chaney participates in the following: