P&COhioeasy
Under R.C. 3901.07, the ODI Director's authority to examine the affairs of an authorized insurer is best described as which of the following?
Authority to examine as often as deemed necessary, with periodic examinations required
BAuthority limited to one examination at initial licensure, with no further review of books, records, or affairs permitted thereafter
CAuthority exercisable only on written demand by a policyholder
DAuthority barred unless insolvency has already been declared
Why this is the answer
R.C. 3901.07 authorizes the Director to examine books, records, and affairs of any authorized insurer as often as deemed necessary, in coordination with NAIC Financial Condition Examiners Handbook standards and accreditation expectations.
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