379.343. Examinations by director, when, how conducted, cost how paid.

MISSOURI STATUTES AND CODES

379.343. Examinations by director, when, how conducted, cost how paid.

Examinations by director, when, how conducted, cost how paid.

379.343. 1. The director of the department of insurance, financialinstitutions and professional registration may, at any time he may deem itadvisable, examine any insurer writing any class of insurance which is subjectto the provisions of section 379.017 and sections 379.316 to 379.361, anyrating organization licensed under the provisions of section 379.323, anyadvisory organization referred to in section 379.326, and every group,association, or other organization referred to in section 379.328, and heshall at least once every four years make or cause to be made suchexamination.

2. The examination of an insurer may be made during the course of anexamination pursuant to provisions of other laws of this state.

3. During the course of any examination provided for in this section theofficers, managers, agents and employees of the insurer, rating organization,advisory organization, or group, association or other organization may beexamined under oath and shall exhibit all books, records, accounts, documents,or agreements governing its method of operation as may be requested by thedirector.

4. The reasonable cost of any examination provided for in this sectionshall be paid by the insurer, rating organization, advisory organization orgroup, association, or other organization undergoing such examination.

5. No report of examination shall be made public until the organizationexamined has an opportunity to review the proposed report and to file itscomments with reference thereto, after which the report and its comments shallbe filed for public inspection and become admissible in evidence as a publicrecord.

6. The director may accept the report of an examination made by theinsurance supervisory official of another state in lieu of any examinationprovided for in this section.