Which of the following is NOT a function of the Department of Insurance?

The function of managing investments for insurance companies is not typically a role of the Department of Insurance. The primary responsibilities of the Department of Insurance include regulating the insurance industry to ensure fairness and compliance with the law, protecting consumers through education and oversight, and monitoring the practices of insurance companies regarding how they handle claims.

In essence, the Department focuses on creating a stable and consumer-friendly environment within the insurance marketplace. It does this by overseeing the actions of insurance providers, regulating the rates that insurers can charge to ensure they are fair and adequate, and offering resources to educate consumers about their options and rights within auto insurance.

However, the investment decisions and management of funds held by insurance companies are internal corporate activities. While these companies must report their financial health and maintain certain reserves to ensure they can meet policyholder claims, the oversight of their investment strategies and performance generally falls outside the purview of the Department of Insurance.