How often does the Director examine each domestic insurance company?

The frequency with which the Director examines each domestic insurance company in South Carolina is established by the state's insurance laws. Insurers are subject to a comprehensive examination to ensure compliance with regulations and to assess their financial health and operational practices. The law mandates that domestic insurance companies be examined at least once every five years. This provision is designed to provide a thorough oversight mechanism while balancing the operational burden on the companies being examined.

Choosing this option reflects an understanding of the regulatory framework governing insurance entities in the state, highlighting the importance of periodic reviews to maintain industry standards and consumer protections.