Which of the following is NOT a duty of the Director of Insurance?

Setting premium rates is not a duty of the Director of Insurance. In Illinois, the insurance market operates primarily under a system of competition where insurers determine their own premium rates based on various factors pertinent to their business model and risk assessments. The Director of Insurance oversees and enforces regulations to ensure that rates are not discriminatory or excessively high but does not have the authority to set or dictate what those rates should be.

On the other hand, enforcing the insurance code, issuing Certificates of Authority, and examining authorized insurers are indeed core responsibilities of the Director. These duties ensure that the insurance industry operates within the legal framework established by state law, maintains accountability and transparency, and protects consumer interests.