What is one of the powers of the director regarding the business of insurance?

The correct choice is that the director has the power to regulate the internal affairs of the department. This power is essential for ensuring that the department operates efficiently and adheres to the rules and regulations that govern the insurance sector. By overseeing internal operations, the director helps maintain compliance with laws, implements policies, and ensures that the department meets its responsibilities effectively.

Regulating the internal affairs also allows the director to manage staff, allocate resources, and oversee the various functions necessary for the department to fulfill its role in protecting consumers and maintaining the integrity of the insurance market. This aspect of governance is critical because it sets the foundation for how other insurance-related activities are conducted within the state.

In contrast, the other choices relate to actions that the director does not have the authority to perform. For instance, offering insurance without state approval contradicts the regulatory framework that requires licensing and oversight. Providing financial assistance to insurers or negotiating policy terms with agents directly is outside the director's scope of duties, as these functions are typically managed through established regulatory processes and company practices.