What is NOT a function of the Office of Insurance Regulation?

The chosen answer is correct because making rating and underwriting rules is typically not a function of the Office of Insurance Regulation. Instead, the Office generally focuses on reviewing and approving rates and rules to ensure that they comply with existing laws and regulations. The main role of the Office is to monitor and enforce compliance within the insurance industry rather than to actively create the standards related to rating and underwriting.

In contrast, the other options align well with the responsibilities of the Office. Reviewing rules and rates for compliance ensures that insurers adhere to regulations designed to protect consumers and maintain a fair marketplace. Approving policy forms is essential to ensure that they meet legal requirements before being sold to the public. Examining the qualifications of insurance companies is vital to ensure that companies are financially solvent and capable of fulfilling their obligations to policyholders. These functions emphasize the regulatory aspect of the Office's work, focusing on oversight rather than rule-making in the rating and underwriting area.