Which of the following statements is true about the Massachusetts Division of Insurance?

The Massachusetts Division of Insurance is indeed responsible for the enforcement of insurance laws, making this statement true. This regulatory body has the authority to ensure that insurance companies comply with state laws and regulations, safeguarding consumers and maintaining the integrity of the insurance market. The Division's roles include licensing insurance providers, monitoring financial stability, and investigating consumer complaints.

The other statements present limitations or inaccuracies regarding the Division's functions. For instance, while the Division reviews and approves rates for certain insurance products, it does not have the authority to set rates universally for all insurance products across the board. It also does more than just regulate insurance agents; it oversees both agents and insurers comprehensively. Moreover, the Division's regulatory scope extends beyond just life and health insurance markets, covering various lines of insurance, including property, casualty, and others.