(a) The Commissioner shall, at least once every five years, and may, as often as may be reasonable and necessary, make or cause to be made an examination of each licensed rating organization; and he may, as often as may be reasonable and necessary, make or cause to be made an examination of any advisory organization or group, association, or other organization of insurers which engages in joint underwriting or joint reinsurance.
(b) In lieu of the examination required in subsection (a) of this Code section, the Commissioner may accept the report of an examination made by the insurance supervisory official of another state.
(c) In examining any organization, group, or association pursuant to this Code section, the Commissioner shall ascertain whether the organization, group, or association and, in the case of a rating organization, any rate or rating system made or used by it complies with the applicable requirements and standards of this chapter.
Section: Previous 33-9-17 33-9-18 33-9-19 33-9-20 33-9-21 33-9-21.1 33-9-21.2 33-9-22 33-9-23 33-9-24 33-9-25 33-9-26 33-9-27 33-9-28 33-9-28.1 NextLast modified: October 14, 2016