What is the Department of Commerce not responsible for?

The Department of Commerce is not responsible for endorsing insurers. In the context of life insurance and other types of insurance, the Department of Commerce serves a regulatory role, focusing on maintaining fair and equitable practices within the industry. This includes regulating insurance rates to ensure they are reasonable and not discriminatory, licensing insurance agents to ensure that they are qualified to sell insurance products, and enforcing consumer rights to protect policyholders from unfair practices.

Endorsing insurers would imply providing a form of approval or recommendation, which could conflict with the regulatory duties of the Department. Their primary function is to oversee and regulate the insurance market rather than to serve as an advocate or promoter of specific insurance companies. This separation helps maintain the integrity of the regulatory process, ensuring that consumers can trust the Department to act impartially in its oversight of the industry.