Commissioner of the Vermont Department of Financial Regulation
As the commissioner of the Department of Financial Regulation, Susan L. Donegan is the chief regulator of Vermont’s financial-services industry. The department supervises traditional and captive insurance companies and their representatives, state-chartered banks and credit unions, licensed and brokers and all other non-depository financial institutions, as well as securities broker dealers and investment advisors.
Commissioner Donegan is a seasoned attorney with broad subject-matter knowledge of financial services regulation. She holds a law degree from Vermont Law School, an LL.M. master’s degree in Banking and Financial Services Law from Boston University School of Law and an LL.M. degree in European Union and International Trade Law from Amsterdam Law School at Universiteit van Amsterdam.
She was in private law practice for many years in Boston and overseas at a major Dutch law firm specializing in financial services law and regulation, private international law, litigation, data protection and privacy law. She is admitted to practice law in Vermont, Massachusetts, New York, California, and is qualified as a solicitor in the Republic of Ireland and England and Wales.
Commissioner Donegan worked at the department from 1985 to 1990 and was the department’s first director of securities regulation. She was later counsel to the commissioner and hearing officer at the Massachusetts Division of Insurance from 2008 to 2011. In 2011, she returned to Vermont to become deputy commissioner of the Insurance Division at DFR. She was appointed commissioner in January 2013.
The Commissioner represents Vermont at the National Association of Insurance Commissioners, the Conference of State Bank Supervisors, the National Association of State Credit Union Supervisors and the North American Securities Administrators Association. She is vice-chair of the International Insurance (G) Committee, a member of the Market Regulation and Consumer Services (D) Committee, secretary/treasurer of the Northeast Zone at the NAIC and a member of the Executive Committee. She also represents the NAIC at the International Association of Insurance Supervisors as vice-chair of that organization's Governance Working Group.