Who regulates insurance companies and agents in Indiana?

The correct answer is the Indiana Department of Insurance, which is the primary regulatory authority overseeing insurance companies and agents in Indiana. This agency is responsible for ensuring that insurance providers comply with state laws and regulations, protecting consumers, and maintaining the overall integrity of the insurance market. The Department of Insurance supervises the financial solvency of insurers, reviews insurance policies and rates, and handles consumer complaints.

The other entities listed do not serve as the regulatory body for insurance in the same manner. The Indiana Bureau of Financial Institutions focuses on the regulation of banks and financial institutions, while the Indiana Securities Commission pertains to the regulation of securities and investment-related activities. The Indiana Office of Consumer Protection addresses issues related to consumer rights and fraud, but it does not specifically regulate insurance practices. Thus, the comprehensive regulatory responsibilities of the Indiana Department of Insurance make it the correct choice for this question.