Midland National Life Insurance, a Iowa-based member company of Sammons Financial Group, has appointed Nick Gerhart as vice president of Compliance/Regulatory Affairs.
In this newly created position, Nick will assist the sales and distribution teams and business units in compliance requirements and related issues.
In addition, he will be responsible to build and sustain relationships with government and regulatory groups such as state insurance departments, the NAIC, and various insurance industry trade groups.
Nick started his career as an attorney in private practice representing corporations, health care providers and individual investors. He has spent the past few years managing and overseeing compliance, market conduct, and regulatory affairs issues for an Iowa-based Life Insurance Company.
Midland National Life Insurance VP, chief risk officer and chief compliance officer Brent Mardis said that Nick brings a level of experience that will enhance Midland’s programs and help the company maintain the position as one of the top insurance providers in the US.