What authority does the director have regarding the examination of agents and brokers?

The director has the authority to examine the records and transactions of agents and brokers as often as deemed advisable. This flexibility allows the director to determine the appropriate timing and frequency of examinations based on the needs of the regulatory environment and the specific circumstances surrounding agents and brokers. The ability to conduct examinations at their discretion helps ensure compliance with regulations and fosters accountability within the insurance industry.

This option reflects a proactive approach by the director, allowing for oversight that can adapt to emerging issues or concerns without the constraint of a fixed schedule or specific triggers, such as annual examinations or complaints. It emphasizes the importance of having regulatory oversight that can be responsive to the current state of the market and the conduct of those operating within it.