Which of the following is NOT a responsibility of the Commissioner of Insurance?

The role of the Commissioner of Insurance is primarily focused on overseeing the insurance industry within the state, which includes enforcing laws, issuing licenses, and conducting hearings related to insurance practices and compliance. However, setting premium rates is generally not a responsibility of the Commissioner.

Insurance companies typically have the freedom to establish their own premium rates based on various factors such as risk assessment and market conditions. While the Commissioner can review rates for fairness and compliance with state regulations, the actual setting of premium rates is left to the insurance providers themselves. This distinction highlights the regulatory nature of the Commissioner's role as a protector of consumer interests, rather than a direct influence on market pricing strategies.