How often must the superintendent examine financial affairs of domestic insurers?
once every three years Click to see full answer. Also to know is, how often must the superintendent examine financial affairs?(3) The superintendent, or any person appointed by him, shall examine each domestic insurer at least once every three years as to its condition, fulfillment of its contractual obligations, and compliance with applicable laws, provided…
once every three years Click to see full answer. Also to know is, how often must the superintendent examine financial affairs?(3) The superintendent, or any person appointed by him, shall examine each domestic insurer at least once every three years as to its condition, fulfillment of its contractual obligations, and compliance with applicable laws, provided that he may defer making the examination for a longer period not to exceed five yearsSecondly, which organization was established to provide funds to protect an insured in the event of an insurer’s insolvency? The Florida Life and Health Insurance Guaranty Association exists to protect an insured in the event of an insurer’s insolvency. Secondly, how often must the superintendent examine each admitted insurance company? every 5 years What is the maximum civil penalty for violating the superintendent’s cease and desist order?this means the person must stop doing whatever they’re doing. this person is liable for penalties up to $5,000.
