Who has the power to examine the records of authorized insurers?

The power to examine the records of authorized insurers is vested in the Commissioners. This role typically refers to the state insurance commissioner, who is responsible for overseeing the insurance industry within their jurisdiction. The commissioner ensures that insurers are in compliance with state regulations, maintains financial solvency, and protects consumer interests. This examination process can include a review of financial records, practices, and overall compliance with the law.

State insurance commissioners are empowered by law to conduct these examinations periodically or in response to specific concerns, promoting transparency and accountability within the insurance market. This function is vital for maintaining the integrity of the insurance system and ensuring that insurers meet their obligations to policyholders.

The other positions listed—Governor, Treasurer, and Attorney General—do not have the specific authority to conduct insurance examinations unless they are acting in conjunction with or invoking powers assigned to the insurance regulator. The examinations fall firmly under the purview of the insurance commissioner, underscoring the importance of their role in regulating the insurance industry.