With regard to examinations by the Commissioner, the Commissioner must:

• A. Conduct a financial examination of an insurer at least once every 5 years.
• B. Conduct financial examinations only upon request.
• C. Conduct annual examinations for all insurers.
• D. Conduct examinations only after a complaint is filed.

Answer: (A)

Periodic financial examinations by the Commissioner are required to ensure insurers remain solvent and properly capitalized. The law sets a baseline: the Commissioner must conduct a financial examination of each insurer at least once every five years. This cadence helps catch deteriorating financial condition early and keeps ratings and policyholder protections in check.

The other options don’t fit because exams aren’t limited to requests, aren’t required annually for every insurer, and aren’t triggered only by complaints. The Commissioner can certainly examine more often or for cause, but the minimum expectation is every five years.