Which of the following is NOT a responsibility of the Office of Insurance Regulation?

The role of the Office of Insurance Regulation is primarily to oversee and ensure compliance within the insurance industry in Florida. One of its main functions is to enforce the existing Insurance Code, which involves monitoring companies to ensure they operate within the law and protect consumers.

Issuing certificates of authority is another key responsibility. It requires that insurance companies demonstrate their financial stability and compliance with regulatory requirements before they can legally operate in Florida.

While instituting legal proceedings is also part of its responsibilities – as it can take action against companies that violate regulations – the enactment of new insurance laws falls outside the Office of Insurance Regulation's duties. Creating legislation is typically the role of the state legislature. The Office of Insurance Regulation focuses on enforcing existing laws rather than making new ones, which is why the option referencing the enactment of new insurance laws is not a responsibility of this office.