The primary purpose of insurance codes requiring professional standards is to:

The primary purpose of insurance codes requiring professional standards is to protect the public. Insurance regulations are designed to ensure that licensed agents and companies operate with integrity and transparency, thereby safeguarding the interests of consumers. By setting professional standards, these codes help maintain a level of competency and ethical behavior in the insurance industry, which ultimately ensures that individuals purchasing insurance can trust that they will receive fair treatment and adequate coverage in accordance with the law.

This focus on protecting the public is essential because it builds consumer confidence in the insurance system. Well-defined professional standards help to prevent fraud, misrepresentation, and unethical practices, creating a safer environment for policyholders. When the public is assured that insurance professionals adhere to high standards, they are more likely to engage with and rely on these services.

Other options, while they may have some valid points concerning specific interests, do not capture the overarching goal of establishing professional standards in insurance codes as effectively as the protection of the public.