How often must an insurance commissioner examine the transactions of an insurer?

The correct answer is that the insurance commissioner must examine the transactions of an insurer every 5 years. This requirement is in place to ensure that insurers are financially stable, compliant with regulatory standards, and effectively managing their operations. By conducting these examinations every 5 years, the commissioner can assess the insurer's solvency, market conduct, and adherence to statutory obligations. This cycle allows for timely identification and correction of any potential issues, thereby protecting policyholders and maintaining the integrity of the insurance market. The five-year interval strikes a balance between oversight and operational efficiency for the insurers involved.