Which of the following is NOT listed as having influence on insurance regulation?

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Regulation in insurance is shaped by three main kinds of influence: legal interpretation and application, organized industry input, and technically informed guidance that regulators rely on. Courts interpret insurance laws and resolve disputes, directly affecting how regulations are applied in practice. Industry trade associations advocate for member interests, provide policy positions, and share data and analyses that regulators use when considering rule changes. Insurance advisory organizations supply regulators with research, standards, and technical guidance to inform regulatory decisions. Insurance consultants, while they may advise insurers on compliance and risk management, do not hold a formal policymaking or standard-setting role in the regulatory framework. Their influence is indirect and client-specific, not a formal regulatory influence.