What is not a responsibility of the Commissioner of Insurance?

The Commissioner of Insurance is primarily responsible for regulating the insurance industry within the state, which includes various duties aimed at protecting consumers and ensuring a fair marketplace. Licensing insurance agents is one of the key responsibilities, as the Commissioner must ensure that only qualified individuals engage in the sale of insurance products. Overseeing market conduct is crucial as well, as this involves monitoring the practices of insurance companies to ensure that they comply with regulations and treat policyholders fairly. Enforcing insurance laws is foundational to the Commissioner's role, as it involves taking action against any violations to maintain integrity within the marketplace.

Setting claim prices, however, is not a responsibility typically held by the Commissioner of Insurance. Claim prices are generally determined by the terms of the insurance contracts and the agreements made between the insured and the insurer, including underwriting standards and actuarial calculations. The Commissioner does not set these prices but rather ensures that the rates and practices followed by insurers are compliant with established regulations. This distinction helps clarify the limited role the Commissioner has in terms of influencing specific claim outcomes.