Department of Insurance, Securities and Banking: Commissioner's Biography
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Biography
Thomas E. Hampton
 
Bio picThomas E. Hampton was appointed Commissioner for the District of Columbia Department of Insurance, Securities and Banking (DISB) in May 2006. In this role, Hampton is responsible for the agency that regulates the financial-services industries in District of Columbia including insurance companies and their representatives, DC chartered banks, mortgage lenders and brokers and other non-depository financial institutions as well as securities broker dealers and investment advisors.
 
Hampton represents the District of Columbia on several national financial-services regulatory associations such as the North American Securities Administrators Association, the Conference of State Banking Supervisors and the National Association of Insurance Commissioners (NAIC). As a member of the NAIC, the state insurance regulators association, Hampton was a member of the NAIC Executive Committee and chaired several working groups including the Capital and Surplus Relief Working Group, which reviewed the possibility of expedited changes to the reserving, capital and accounting requirements of life insurance companies due to the 2008 economic crisis. Hampton also chaired the Principles Based Reserving Working Group, which is changing the reserving process of life insurance companies from a 100-year-old system of using reserving tables to an approach of reserving of life insurance products based using principles as guidelines. Hampton has participated in several technical committees involving the development of financial and accounting principles.
 
At DISB, Hampton most recently held the position of Deputy Commissioner, responsible for organization-wide policy development and program execution, as well as technical oversight of the insurance, securities, banking and fraud investigation activities. In 2004, Hampton was responsible for the merger between the former Department of Insurance and Securities Regulation and the Department of Banking and Financial Institutions, creating the Department of Insurance, Securities and Banking, one of the few agencies in the country that regulate all the financial-services industries in one department.
 
Before joining DISB, Hampton had extensive experience in the insurance industry, especially in property and casualty insurance. He managed the accounting and financial activities of captive insurance companies in Bermuda and Cayman Islands for Cigna Worldwide in New York, and was a supervisor in General Accounting with the American International Group. 
 
Hampton has a bachelor’s of science degree in accounting from North Carolina Central University and an MBA from St. Johns University in New York. He is a Certified Public Accountant and a Certified Financial Examiner.