Which of the following is a duty of the Commissioner in insurance?

The duty of the Commissioner in insurance involves regulatory oversight to ensure fair practices within the insurance industry. One significant responsibility is the power to impose penalties, including fines, on insurance companies or individuals that violate state insurance laws or regulations. This role is crucial for maintaining compliance and upholding standards that protect consumers. By enforcing penalties, the Commissioner helps deter misconduct and encourages adherence to legal and ethical guidelines, thereby fostering a stable and trustworthy insurance market.

The other duties mentioned, while related to insurance operations, do not fall under the purview of the Commissioner's responsibilities. For instance, setting insurance premiums is typically determined by insurers based on actuarial data and market conditions, not by the Commissioner. Determining insurance company stock prices is the domain of financial markets and not under the regulatory duties of the insurance Commissioner. Lastly, managing customer policy claims is generally handled by the insurance companies themselves, rather than by the regulatory body.