(1) The Commissioner of Licenses and Inspections is hereby designated as the officer authorized to carry out the duties of the City under Sections 508(C) and 508(D) of the Insurance Law of 1921.

(2) The Commissioner of Licenses and Inspections shall carry out all duties and responsibilities assigned in this Chapter, and shall take any other actions necessary to implement this Chapter and Sections 508(C) and 508(D) of the Insurance Law of 1921.