State RegulationsGA specificDifficulty 1/5
Which statement best reflects the Insurance Commissioner's authority to examine insurance records in Georgia?
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Answer & full 3-part explanation (select an option above, or peek)
Why C is correct
Under O.C.G.A. § 33-2-10 through § 33-2-13, the Commissioner has broad authority to examine the records of insurers and other persons transacting insurance business in Georgia, without needing a complaint or a court order. Foreign insurers doing business in the state fall within the examination authority, and licensees must make their records available.
Why the other options are wrong
- A) The examination power is not limited to domestic insurers; foreign insurers transacting business in Georgia fall within it.
- B) Examinations may be conducted under the Commissioner's own authority; a policyholder complaint is not a prerequisite.
- D) No court order is needed — producers' records are subject to examination under O.C.G.A. § 33-2-10 through § 33-2-13.
Memory hook
Doing insurance business in Georgia? Your books are open to the Commissioner.