pretend you have just been appointed insurance commissioner. Write a paper to the senate describing what the job responsibilities are.

Description

You need to prepare a 2- to 3-page (700 – 1000 words) paper for the Senate on your understanding of what the job responsibilities as insurance commissioner entail. Topics to be covered include licensing of insurance companies, their staff, and agents; insurer solvency; regulating insurance rates and policies, and monitoring insurer conduct. Your paper should describe each responsibility and explain why you believe that responsibility is important.

Action Items

1. In a 2- to 3-page (700 – 1000 words) paper, describe your job responsibilities as the state insurance commissioner, including:
   • Licensing of insurance companies, their staff, and agents
   • Insurer solvency
   • Regulating insurance rates and policies
   • Monitoring insurer conduct
2. Explain why you believe each of these responsibilities is important.