TK Keen is the new administrator for the Oregon Division of Financial Regulation, which licenses and regulates banks, credit unions, investments, debt resources, and insurance in the state.
Keen has served as acting administrator since August, and succeeds Andrew Stolfi as the division’s administrator. In April, Stolfi was appointed by Gov. Kate Brown to lead the Department of Consumer and Business Services, the state’s largest business regulatory and consumer protection agency, of which the Division of Financial Regulation is part. Stolfi will continue to serve as Oregon Insurance Commissioner, a role he has had since 2018.
Under Keen’s leadership, the division has responded with agreements and emergency orders to help Oregonians affected by COVID-19 and wildfires.
In response to COVID-19, the division issued grace periods for consumers to pay insurance premiums. This created a sustainable way for insurance customers to keep up with premium payments without falling too far behind during the pandemic. The division also reached agreements with health insurance companies to provide expanded telehealth in response to COVID-19.
In response to the Labor Day wildfires, the division issued an emergency order suspending cancellations and nonrenewals of insurance coverage, creating a grace period for premium payments, and extending deadlines for people in the areas affected by the wildfires.
“Our work at the Division of Financial Regulation has been vital to Oregonians who were dealing with very difficult situations this year,” said Keen. “I am proud to lead a division that is filled with caring and intelligent people who are dedicated to protecting consumers and working with the state’s insurance and financial services industries to find efficient and logical methods to help Oregonians fulfill their financial goals.”
Keen has been a deputy administrator with the Division of Financial Regulation since 2015. Before joining the division, he practiced law as a sole practitioner in Washington, focusing on employment law cases. During law school at Lewis and Clark College in Portland, he worked for the Oregon Department of Justice, the Hon. Elizabeth L. Perris of the U.S. Bankruptcy Court, and the Portland State University Office of General Counsel.
Keen has led and participated in several model law workgroups to shape national consumer protection policy with the National Association of Insurance Commissioners, Conference of State Bank Supervisors, and Money Transmitter Regulators Association.
“TK has taken a lead role in building the division’s legislative agenda, organizing its response to emerging issues and technologies, and driving efforts around diversity, equity, and inclusion,” said Stolfi. “I am grateful for TK’s guidance of the division this year, and am confident in his ability to continue leading the Division of Financial Regulation.”
About DCBS: The Department of Consumer and Business Services is Oregon’s largest business regulatory and consumer protection agency. For more information, go to www.dcbs.oregon.gov. Follow DCBS on Twitter: twitter.com/OregonDCBS. Receive consumer help and information on insurance, mortgages, investments, workplace safety, and more.
About Oregon DFR: The Division of Financial Regulation is part of the Department of Consumer and Business Services, Oregon’s largest business regulatory and consumer protection agency. Visit www.dcbs.oregon.gov and http://dfr.oregon.gov/Pages/index.aspx.