<P> Insurance regulatory law is the body of statutory law, administrative regulations and jurisprudence that governs and regulates the insurance industry and those engaged in the business of insurance . Insurance regulatory law is primarily enforced through regulations, rules and directives by state insurance departments as authorized and directed by statutory law enacted by the state legislatures . However, federal law, court decisions and administrative adjudications also play an important role . </P> <P> Insurance is characterized as a business vested or affected with the public interest . Thus, the business of insurance, although primarily a matter of private contract, is nevertheless of such concern to the public as a whole that it is subject to governmental regulation to protect the public's interests . </P>

Who is responsible for enforcing state insurance laws