Which of the following entities oversees the issuance of insurance licenses?

The entity that oversees the issuance of insurance licenses is the Insurance Department. This department operates within state governments and is specifically tasked with regulating the insurance industry, including the licensing of insurers, agents, and other insurance professionals. The primary goal of the Insurance Department is to ensure that the insurance market operates fairly and in the best interest of policyholders, which includes monitoring compliance with laws and regulations, and providing consumer protection.

In contrast, the other options do not primarily focus on the insurance industry. The Department of Labor deals with labor-related matters, including workplace safety and employment standards. The Department of Commerce typically covers broader economic and business activities, while the Federal Trade Commission focuses on consumer protection and preventing anti-competitive business practices. None of these entities have the specific mandate to regulate and issue insurance licenses like the Insurance Department does.