Conversation so far:
who is responsible for enforcing state insurance laws
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.
what is the insurance regulatory law
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. I

Question: what is the purpose of the law
Self-contained rewrite: what is the purpose of the insurance regulatory law