Which authority does the commissioner NOT have in relation to the regulation of insurance?

The authority that the commissioner does not possess in relation to the regulation of insurance is to implement new insurance laws. This responsibility typically lies with the legislature, which is tasked with creating and passing laws. The insurance commissioner enforces and administers existing laws rather than enacting new ones.

On the other hand, the commissioner does have the authority to conduct market conduct examinations to ensure insurance companies comply with regulations and treat consumers fairly. Imposing penalties is also within the commissioner's purview when companies violate statutes or regulations, ensuring accountability. Additionally, the commissioner can authorize policy forms, which includes reviewing and approving the language and terms of insurance contracts before they are offered to the public.