Who is primarily responsible for enforcing insurance regulations in North Carolina?

The commissioner of insurance is the primary authority responsible for enforcing insurance regulations in North Carolina. This role entails overseeing the insurance market to ensure companies comply with state laws, protecting consumers, and maintaining the overall stability and integrity of the insurance system. The commissioner has the power to enforce regulations, investigate complaints against insurers, and promote fair practices within the industry.

The state legislature plays a crucial role in creating the laws that govern insurance but does not engage in enforcement. Insurance companies must adhere to the regulations set forth but do not have the authority to enforce them. Consumer advocacy groups may represent the interests of policyholders and attempt to influence regulations, but they do not have enforcement power. This delineation of responsibilities ensures a structured approach to managing the insurance landscape in North Carolina.