How often are domestic insurers examined in detail?

Domestic insurers are typically examined in detail every three years. This examination process is crucial for regulating the insurance industry and ensuring that insurers remain financially stable and compliant with applicable laws and regulations. These thorough examinations evaluate various aspects of an insurer's operations, including financial health, market conduct, and adherence to statutory requirements.

Conducting these reviews every three years allows regulators to monitor the ongoing solvency and business practices of insurers without overwhelming them with more frequent inspections, which could disrupt their operations. By spacing these examinations at three-year intervals, regulators strike a balance between oversight and operational stability for the insurers, ensuring they operate within safe and sound principles.