What is one duty that the Commissioner must perform in relation to insurance regulations?

The correct answer highlights a fundamental responsibility of the Commissioner of Insurance. One of the primary duties of the Commissioner is to enforce compliance with insurance laws. This role is essential for maintaining the integrity of the insurance market and ensuring that all companies and agents operate within the legal framework established by both state and federal regulations. By enforcing compliance, the Commissioner protects consumers from unethical practices and ensures that insurers are providing the level of service and coverage that they are obligated to deliver.

Enforcing compliance involves monitoring activities within the insurance industry, conducting audits, and taking action against entities that violate regulations. This function is critical for maintaining public trust in the insurance system, as it helps to uphold standards and promote fair business practices.

In contrast, promoting insurance companies, setting premium rates for all policies, and advising consumers are not direct duties of the Commissioner. Promoting companies could lead to conflicts of interest, while premium rates are often determined by market competition and actuarial science rather than being set by a regulatory body. Advising consumers can be part of the broader mission of the department to educate the public, but it is not the primary regulatory duty of the Commissioner.