How often does the Superintendent conduct financial examinations of an insurance company?

The Superintendent conducts financial examinations of an insurance company once every 3 years. This periodic examination is important to ensure that the insurance company remains financially sound and is adhering to the regulations set forth by the state. The 3-year interval allows regulators to thoroughly review the company’s financial statements, operations, and compliance with applicable laws while ensuring timely oversight without overburdening resources. Regular examinations help maintain the integrity of the insurance market by identifying potential issues before they escalate and ensuring that insurers can meet their obligations to policyholders.