Section 83-45-7 - Examinations; annual reports

Any such organization shall be exempt from regular examination by the insurance department, but shall be examined when deemed advisable by the commissioner of insurance.Annual reports shall be filed with the insurance department in the manner and form prescribed by the commissioner of insurance.Upon submission of annual statements, same shall be reviewed by the commissioner of insurance and the commissioner may issue such orders as necessary to stabilize operation of the company or organization.Codes, 1942, § 5633; Laws, 1972, ch. 432, § 1, eff. 5/1/1972.