Which regulatory body operates under the Indiana Department of Insurance?

The regulatory body that operates under the Indiana Department of Insurance is the Insurance Commissioner's Office. This office is responsible for overseeing the insurance industry within the state, ensuring compliance with laws and regulations, protecting consumers, and maintaining the financial health of insurance companies operating in Indiana. The Insurance Commissioner serves as the head of this office and exercises authority to enforce regulations, issue licenses, and address consumer complaints, thereby ensuring a stable insurance marketplace.

In contrast, the other options involve various advisory or review functions but do not hold the regulatory authority central to the operations of the Indiana Department of Insurance. The Insurance Advisory Council typically provides input on policies and practices but lacks enforcement capabilities. The Insurance Regulatory Commission is a term that might suggest regulatory functions but does not specifically designate an entity within the Indiana Department of Insurance. Similarly, the Insurance Review Board has roles unrelated to the primary regulatory functions carried out by the Insurance Commissioner’s Office.