The SCC, through the Bureau of Insurance (Bureau), is vested with the responsibility for regulating insurance companies, agencies, and agents in Virginia. The Bureau licenses, investigates and examines insurance companies, agencies, and agents to ensure that citizens of the Commonwealth are provided with access to adequate and reliable insurance protection; that the insurance companies selling policies are financially sound to support payment of claims; that the agents selling company policies are qualified and conduct their business according to statutory and regulatory requirements, as well as acceptable standards of conduct; and that the insurance policies are of high quality, are understandable and are fairly priced.