The Vermont state agency that used to regulate banking, insurance and health care has a new, easier to remember name.
The Department of Banking, Insurance, Securities and Health Care Administration is now known as, simply, the Department of Financial Regulation.
The change was announced Wednesday.
Financial Regulation Commissioner Steve Kimbell says much of his organization’s health care oversight was transferred last year to the Green Mountain Care Board, which is implementing the state’s health care reform plan.
He says the new name makes more sense since his organization is now more focused on financial oversight.