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Under 215 ILCS 5/132, the IDOI Director has authority to do which of the following with respect to a domestic insurer?

ASet the insurer's investment portfolio allocation
BApprove individual underwriting decisions
Conduct examinations of the insurer's affairs, transactions, and accounts
DHire and fire the insurer's officers

Why this is the answer

Section 132 of the Illinois Insurance Code gives the IDOI Director authority to conduct financial and market conduct examinations of every domestic insurer's affairs, transactions, accounts, records, and assets. The Director may also examine foreign insurers doing business in Illinois. Examinations occur on a schedule (typically every three to five years) but may happen more often when warranted. The Director does not manage day-to-day operations like underwriting or investment allocation; those decisions remain with the insurer.

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