At least how many years must the commissioner of insurance examine the business accounts, transactions, and records of insurers?

The requirement for the commissioner of insurance to examine the business accounts, transactions, and records of insurers is typically set at a minimum of five years. This time frame allows for a thorough review of an insurer's practices and financial health, ensuring that they are compliant with regulations and financially stable over a significant period. By reviewing records from the past five years, the commissioner can better identify trends, anomalies, or issues that may not be evident in a shorter timeframe. This duration also aligns with various regulatory standards that seek to provide a comprehensive oversight of the insurance industry, protecting both consumers and the integrity of the market.