TDI Deputy Commissioner Receives National Award

For the second year in a row the Texas Department of Insurance’s (TDI) Licensing Division has been recognized for its outstanding performance by the Securities and Insurance Licensing Association (SILA). The professional organization named TDI’s Deputy Commissioner of Licensing Matt Ray as its Financial Services Regulator of the Year, the department announced.

Ray was selected as the recipient of the Warren E. Spruill Regulator Recognition Award for 2006 at SILA’s National Education Conference in Florida earlier this year. The award recognizes a state insurance licensing director who demonstrates a special ability and outstanding performance in promoting better regulatory processes, efficiencies and better relationships between the regulator and the industry.

As one of the nominating parties noted: “The efficiency and speed of the Texas Department of Insurance Licensing Department under Ray’s direction should serve as an example for other state regulators.”

“I am honored to receive this award and of course, I am very proud of the work of the entire Licensing Division,” said Ray. “I believe the hard work of the Licensing staff is making a difference for Texas and the industry is recognizing that work with this award.”

In 2005, TDI’s Licensing Division received the inaugural award for being the Best Regulatory Unit of the Year from SILA.

Source: Texas Department of Insurance