The Commissioner of Banking and Insurance may take all of the following actions EXCEPT which?

• A. Issue cease and desist orders
• B. Revoke licenses
• C. Set all commission rates
• D. Issue fines

Answer: (C)

The regulator’s tools focus on enforcing compliance and protecting consumers, not micromanaging every business term. Issuing cease and desist orders is a standard enforcement action used to stop unlawful activities and require compliance. Revoke licenses is a legitimate disciplinary power to remove someone’s authority to operate when rules are violated. Issuing fines provides a monetary penalty to deter violations and uphold standards. Setting all commission rates, however, would involve fixing the compensation terms between insurers and producers, which is a negotiation between parties and not something the commissioner ordinarily imposes as a blanket rule.