Current through the 2024 Budget Session
Section 26-2-117 - Examination of other than insurers(a) For the purpose of ascertaining compliance with law, or relationships and transactions between any person and any insurer or proposed insurer, the commissioner, as often as he deems advisable, may examine the accounts, records, documents and transactions pertaining to or affecting insurance affairs or proposed insurance affairs of any person: (i) Who is or holds himself out to be an insurance agent, broker, general agent, adjuster or insurer representative; (ii) Having a contract under which he enjoys in fact the exclusive or dominant right to manage or control an insurer; (iii) Holding the shares of voting stock or the policyholder proxies of a domestic insurer, for the purpose of controlling the management thereof, as voting trustee or otherwise; (iv) Engaged in or in any way involved or proposing to be involved in this state in the promotion, formation or financing of an insurer or insurance holding corporation, or corporation or other group to finance an insurer or the production of its business.