Which regulatory body oversees insurance companies in West Virginia?

The West Virginia Insurance Commissioner is the regulatory body responsible for overseeing insurance companies in West Virginia. This role involves ensuring that insurance companies comply with state laws and regulations, protecting consumer interests, and maintaining the financial stability of the insurance market. The Commissioner has the authority to grant licenses to insurers, review policy forms, and regulate premium rates. This oversight is crucial to ensure that insurance companies operate fairly and responsibly, providing necessary protections to policyholders.

In contrast, the other listed entities each focus on different areas of public service. The Department of Health manages health-related services and regulations, the Public Service Commission oversees utilities and public services excluding insurance, and the Department of Transportation handles issues related to roadways and transportation systems. Their roles do not intersect with insurance regulation, making the Insurance Commissioner the appropriate authority for this function in West Virginia.