Examination of affairs of organization.
1. The Commissioner may examine the affairs of any prepaid limited health service organization as often as is reasonably necessary to protect the interests of the residents of this state, but not less frequently than once every 2 years.
2. A prepaid limited health service organization shall make its books and records available for examination and cooperate with the Commissioner to facilitate the examination.
3. In lieu of such an examination, the Commissioner may accept the report of an examination conducted by the commissioner of insurance of another state.
4. The reasonable expenses of an examination conducted pursuant to this section must be charged to the organization being examined and remitted to the Commissioner.
Last modified: February 27, 2006