Who is responsible for enacting a state's insurance laws?

Answer 1

Each State has an Insurance Department. They are the supposed "hands-on" experts on the insurance marketplace in the State.

That said, insurance also has many political aspects, and there are a variety of interest groups (including consumers, insurers, agents and others) who have vested interests in the market.

All State laws, including those involving insurance, are enacted by State legislatures. The process pertaining to insurance laws is much like that involving the enactment of other laws. Insurance, however, is quite complicated.

Insurance Departments are involved in the promulgation of Rules that govern their own operation. They also establish precedents as to the interpretation of the statutes enacted by the State legislature.