asked 179k views
2 votes
The superintendent determines an examination of an insurer's books and records is necessary. After receiving the notification, the insurer______

asked
User Catia
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8.1k points

1 Answer

3 votes

Final answer:

The insurer must comply and prepare for the examination by the superintendent once notification is received, showcasing the authority of the superintendent to request such information.

Step-by-step explanation:

When the superintendent determines that an examination of an insurer's books and records is necessary, the insurer must comply with the notification and cooperate with the examination. This official request suggests a regulatory action within the insurer's business operations, where the superintendent or a similar official seeks to ensure the company is following legal and ethical guidelines. The reference quote illustrates the authority given to the superintendent or principal officer to obtain information relevant to their duties, which implies that the insurer should prepare for the review and provide the necessary documents and explanations as required.

answered
User Balaji Krishnan
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7.9k points
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