Which of the following is NOT a role of regulations concerning insurance brokers?

Regulations concerning insurance brokers are primarily designed to protect consumers and ensure the proper functioning of the insurance market. One of the key aspects of these regulations is ensuring fair treatment of clients, which fosters transparency and trust between brokers and their clients. Additionally, regulations play a crucial role in preventing financial crime by establishing standards and practices that deter fraudulent activities.

Maintaining market integrity is also a vital function of regulations, as it helps to promote confidence in the insurance industry, ensuring that companies operate fairly and responsibly.

Setting insurance premiums, however, is not a direct role of regulations concerning insurance brokers. Premiums are typically determined by insurers based on various factors, including risk assessment and market conditions, rather than through regulatory oversight directed at brokers. Therefore, while brokers must operate within a framework that ensures compliance with regulatory standards, the specific function of setting premiums lies with the insurers themselves, not the regulations governing the brokers.