Examination of Books and Records

Alien insurers have the examination conducted at

their U.S. branch office.

The examinee must: Receive a copy of the examination report at least

30 days before it is filed with the Commissioner's office

The periodic examination must occur at least once every

5 years for domestic insurers and HMOs.

The examinee must: Pay the examination expenses, including the expense of an actuary, accountant, or other expert who is not otherwise a part of the

Commissioner's staff, if the expert is necessary to conduct the examination

The Commissioner, as often as advisable, may examine the accounts, records, documents, and transactions of:

Insurance producers, surplus lines brokers, general agents, adjusters, public adjusters, and advisers Anyone who has the exclusive or dominant right to manage or control an insurer Anyone holding enough shares of voting stock or policyholder proxies to control a domestic insurer Anyone who is engaged in helping promote or form a domestic insurer, an insurance holding corporation, or a corporation to finance a domestic insurer

The examinee must:

Provide and make freely available all records, documents, files, accounts, and information related to the examination Pay the examination expenses, including the expense of an actuary, accountant, or other expert who is not otherwise a part of the Commissioner's staff, if the expert is necessary to conduct the examination Receive a copy of the examination report at least 30 days before it is filed with the Commissioner's office

The Commissioner must conduct an examination of domestic and foreign insurers at

their home office.

The Commissioner may, instead of examining a foreign or alien insurer, accept its most recent certified report from another

state's supervisory insurance official

Within the 30-day period before filing, the examinee may request, in writing,

a hearing on its examination report

An alien insurer's examination may be limited to its

affairs and transactions in the United States

Such a request delays the report's filing until

after the hearing

The Commissioner must examine the transactions, accounts, records, and assets of each insurer (including management companies and subsidiaries), rating organization, and HMO when it applies for a

certificate of authority and as often as deemed necessary thereafter

The Commissioner, as often as advisable, may examine the accounts, records, documents, and transactions of: Anyone holding enough shares of voting stock or policyholder proxies to

control a domestic insurer

The Commissioner, as often as advisable, may examine the accounts, records, documents, and transactions of: Anyone who is engaged in helping promote or form a

domestic insurer, an insurance holding corporation, or a corporation to finance a domestic insurer

The Commissioner, as often as advisable, may examine the accounts, records, documents, and transactions of: Insurance producers, surplus lines brokers,

general agents, adjusters, public adjusters, and advisers

The Commissioner, as often as advisable, may examine the accounts, records, documents, and transactions of: Anyone who has the exclusive or dominant right to

manage or control an insurer

The Commissioner must conduct an examination of a person other than an insurer, HMO, or private review agent at that person's

place of business or any place where the person's records are kept.

The examinee must: Provide and make freely available all

records, documents, files, accounts, and information related to the examination