What are the duties of the insurance department?

The duties of the insurance department include delegating authority and issuing penalties as part of its regulatory responsibilities. The primary role of the insurance department is to oversee the insurance industry within a state to ensure compliance with laws and regulations designed to protect consumers and maintain a fair marketplace. This includes the authority to grant licenses to insurance companies and agents, as well as the ability to impose penalties on those who violate regulations or engage in fraudulent practices.

While conducting public awareness campaigns, providing insurance products, and advertising insurance policies are relevant in various contexts, they do not fall under the primary regulatory functions of the insurance department. The department is not responsible for marketing or selling insurance products directly; its focus is on regulation, oversight, and consumer protection.