What is the main responsibility of the Office of Insurance Regulations?

The main responsibility of the Office of Insurance Regulations is to regulate all activities of companies, carriers, and risk-bearing entities. This broad mandate encompasses ensuring that insurance companies adhere to laws and regulations that govern their operations, thereby protecting consumers and maintaining market stability. By overseeing the full range of activities that insurance providers engage in, the Office can ensure compliance with financial solvency requirements, ethical practices, and consumer rights protections.

This approach allows the Office to effectively manage how insurance products are offered, marketed, and sold to the public, ensuring that companies act responsibly and in the best interest of policyholders. Comprehensive regulation helps to foster an equitable insurance marketplace while also being a responsive entity to any complaints or issues that may arise with insurance providers.

The other options focus on specific aspects of insurance regulation, such as overseeing premiums or monitoring financial performance, which are important but fall under the broader regulatory responsibilities outlined by the Office. Providing licensing for insurance adjusters is a specific function that is also necessary but does not capture the entirety of the Office's responsibilities. Thus, the correct answer encompasses the full scope of regulations applied across the insurance landscape.