The National Association of Insurance Commissioners will defer comment on how action by New Mexico placing Insurance Superintendent Eric Serna on administrative leave could impact his leadership role in the organization.
Serna is secretary-treasurer of NAIC. At press time, he could not be reached for comment.
The New Mexico Public Regulation Commission put Serna on administrative leave following a recommendation from New Mexico Attorney General Patricia Madrid. She recommended the suspension following questions regarding a bank custodial account.
The April 6 letter from Madrid also references an audit report from the New Mexico Legislative Finance Committee that criticized the department for high contract examiner compensation.