153k views
5 votes
Which of the following is not a duty of the Commissioner?

(a) Supervising the business of insurance
(b) Issuing licenses to producers
(c) Resolving consumer complaints
(d) Issuing certificates of authority to insurers

User Bankin
by
8.2k points

1 Answer

2 votes

Final answer:

The duty not associated with the Commissioner is equally distributing resources. The Commissioner's roles include supervising insurance business, issuing licenses, resolving complaints, and granting authority to insurers.

Step-by-step explanation:

The duty that is not typically within the Commissioner's responsibilities is c. Equally distributing resources. The Commissioner of Insurance is tasked with duties such as supervising the business of insurance, issuing licenses to producers (agents and brokers), resolving consumer complaints, and issuing certificates of authority to insurers which allow them to conduct business within a state.

These responsibilities are part of the broader mandate to ensure a fair and solvent insurance market through developing and implementing regulatory programs, processing applications for licenses, encouraging the development of innovative services, and conducting investigations into industry practices. While these duties may affect the overall distribution of insurance services, directly equally distributing resources is not a typical function associated with the role of the Commissioner of Insurance.

User VadimAlekseev
by
7.5k points