NV | Department of Business and Industry Director Terry Reynolds announces the appointment of Nick Stosic as Interim Insurance Commissioner at the Nevada Division of Insurance (division), effective January 6. The appointment was made following the resignation of Barbara Richardson, who has served in the role since March 2016. A recruitment to fill the vacancy on a permanent basis will be conducted.
“I want to thank Barbara for her service to the Division of Insurance and the State of Nevada. We wish her well as she embarks on a new chapter in her career,” said Director Reynolds. Under Barbara’s leadership, the division has enhanced communications to consumers, developed new online educational tools, and ensured that insurance providers were adequately meeting the needs of all Nevadans.
Nick most recently served as the Deputy Commissioner with the division where he provided oversight of the Product Compliance, Market Regulation and Captives sections, while also acting as the liaison with Nevada’s insurance agents and brokers. Prior to that he served as the division’s Insurance Regulation Liaison, beginning his career with the state in 2016.
Nick is a Nevada native. After graduating from the University of Arizona with a BS in Business Administration, he worked with the international accounting firm of Price Waterhouse and Co. in both Los Angeles, CA and Seattle, WA while obtaining his Certified Public Accountant designation. Nick returned home to Reno in 1982 where he dedicated his career to the family insurance business, working as an insurance producer, agency owner and manager until 2015.
Nick has earned the professional designations of Chartered Life Underwriter, Chartered Financial Consultant, and Certified Financial Planner and has also had the honor of serving as President of the Northern Nevada Life Underwriters Association; the Sierra Nevada Association of Financial Service Professionals; and the Nevada Association of Insurance and Financial Advisors.
About the Division of Insurance
The Nevada Division of Insurance, a division of the Nevada Department of Business and Industry, protects the rights of Nevada consumers and regulates Nevada’s $20 billion insurance industry. The Division has offices in Carson City and Las Vegas. For more information about the Division of Insurance, visit https://doi.nv.gov.