Which power does the State Corporation Commission NOT possess?

The State Corporation Commission does not have the power to prosecute agents who violate state insurance laws. Instead, the responsibility for prosecution typically falls under the jurisdiction of other entities, such as the state attorney general's office or specific regulatory bodies focused on law enforcement. The role of the State Corporation Commission is more regulatory in nature, focusing on oversight and ensuring compliance with laws and regulations rather than taking direct legal action against individuals.

In contrast, the other powers attributed to the State Corporation Commission are central to its function. Regulating insurance policy forms ensures that the policies offered to consumers meet legal standards for clarity and fairness, which helps protect policyholders. Issuing insurance licenses allows the commission to control who can operate in the insurance marketplace, maintaining a standard of professionalism and competence among agents. Overseeing the financial stability of insurers is vital as it ensures that insurers have the necessary resources to pay claims, promoting confidence in the insurance system as a whole. Each of these responsibilities aligns with the commission's role in protecting consumers and ensuring the integrity of the insurance industry within the state.