Which of the following is NOT a requirement for the insurance commissioner?

The requirement that is identified as not applicable to the insurance commissioner is that the individual must be an elected official. In many states, including Indiana, insurance commissioners are appointed rather than elected. This allows the governor or other designated authority to select someone based on qualifications and expertise in the field of insurance rather than leaving selection to a popular vote.

Being an appointed official often leads to a professional workforce that can focus on regulatory duties without the influence of changing political tides frequently faced by elected officials. The other requirements mentioned—serving a fixed term, reporting to the governor, and regulating insurance practices—are essential functions and responsibilities expected of an insurance commissioner, as they ensure accountability and effective oversight of the insurance industry within the state.