What is the primary duty of the Commissioner of Insurance?

The correct answer highlights the primary responsibility of the Commissioner of Insurance as overseeing the execution of insurance laws. This position is crucial because it involves ensuring that all state insurance regulations are implemented and followed appropriately. The Commissioner has the authority to monitor insurance companies and practices to maintain compliance with state laws, protecting consumers and promoting fair competition in the insurance marketplace.

While the Commissioner may also engage in activities related to the approval of insurance rates, manage claims, and investigate fraud, these functions are secondary to the overarching duty of enforcing and supervising the insurance regulatory framework. This role ensures that insurers operate within legal parameters, safeguarding the interests of consumers and maintaining the integrity of the industry.