How often must the commissioner investigate an insurance company?

The requirement for the commissioner to investigate an insurance company every five years is grounded in regulatory practices aimed at ensuring the financial stability and compliance of insurance providers. This period allows the commissioner to review the insurer's financial condition, business practices, and adherence to laws and regulations.

By conducting these investigations at five-year intervals, regulators can maintain a balance between thorough oversight and allowing companies sufficient time to operate without continuous disruption. This timeframe enables the commissioner to gather meaningful insights into the insurer's performance and to identify any emerging issues before they escalate.

Overall, this schedule helps protect consumers while also allowing insurance companies to focus on their operations with a reasonable assurance of oversight.