What is the primary purpose of the Georgia Insurance Commissioner's office?

The primary purpose of the Georgia Insurance Commissioner's office is to enforce insurance laws and regulate the insurance industry in Georgia. This role is crucial because the Commissioner acts as a guardian of consumer rights and ensures a fair marketplace for both consumers and insurance providers. By enforcing regulations, the office helps maintain the integrity of the insurance market, monitors the financial health of insurance companies, and ensures that these entities comply with state laws. This helps build consumer trust and ensures that policies are executed fairly and efficiently.

While auditing insurance companies is an essential function to verify compliance with regulatory standards, it is not the office's primary purpose. Providing education on insurance matters is important but falls under the broader category of consumer protection, which is part of the regulatory framework. Creating new insurance laws is outside the office's immediate functions, as this typically falls within the legislative process. The office is primarily focused on implementing and regulating existing laws to safeguard the interests of Georgia's insurance consumers.