Which agency typically regulates insurance companies in a state?

The agency that typically regulates insurance companies in a state is the Insurance Commission. This regulatory body is primarily responsible for overseeing the insurance industry to ensure that companies comply with state laws, maintain financial solvency, and protect consumer interests.

Insurance commissions have the authority to issue licenses to insurance companies and agents, approve insurance rates and policy forms, and investigate consumer complaints against insurers. Their role is crucial in maintaining the stability of the insurance market and safeguarding policyholders' rights.

Other agencies may play roles in related areas—such as health regulations, financial oversight, or legal enforcement—but they do not specifically focus on the insurance industry's nuances and consumer protections that the Insurance Commission is designed to address. The specialization and scope of the Insurance Commission’s functions make it the most appropriate agency for this regulatory role.