Who can exercise implied power under Wisconsin's insurance laws?

Under Wisconsin's insurance laws, the Commissioner of Insurance is vested with the authority to exercise implied powers that are necessary to ensure the effective regulation of the insurance market and to protect policyholders. The role of the Commissioner encompasses the execution of various duties and responsibilities that include overseeing the adherence of insurance companies to state regulations, ensuring fair practices, and regulating rates to promote consumer protection. This position entails a broader range of powers that allows the Commissioner to address issues that may not be explicitly detailed in statute but are considered critical for fulfilling the objectives of insurance regulation.

The other options refer to entities that either have different functions or limitations. The Attorney General, while involved in enforcing laws, does not typically have the same regulatory authority over insurance practices as the Commissioner. The Legislature establishes laws but does not operate with ongoing regulatory powers in the daily administration of insurance law. Insurance companies are subject to the regulations imposed by the Commissioner and do not have the authority to create or enforce laws independently.