§33-20-12. Examinations.
(a) The commissioner shall, at least once in five years, make
or cause to be made an examination of each rating organization
licensed under the provisions of section six of this article and he
or she may, as often as he or she may deem it expedient, make or
cause to be made an examination of each advisory organization
referred to in section ten of this article and of each group,
association or other organization referred to in section eleven of
this article. The reasonable costs of any such examination shall
be paid by the rating organization, advisory organization, or
group, association or other organization examined upon presentation
to it of a detailed account of such costs. The officers, managers,
agents and employees of such rating organization, advisory
organization, or group, association or other organization may be
examined at any time under oath and shall exhibit all books,
records, accounts, documents or agreements governing its method of
operation. The commissioner shall furnish two copies of the
examination report to the organization, group or association
examined not less than thirty days prior to filing same in his or
her office. If such organization, group or association so requests
in writing, within such thirty-day period, the commissioner shall
consider the objections, if any, to such report as proposed and
shall not file such report until such modifications, if any, have
been made therein as the commissioner deems proper. The report
when so filed shall be admissible in any action or proceeding brought by the commissioner against the organization, group or
association examined, or its officers or agents, and shall be prima
facie evidence of the facts stated therein. The commissioner may
withhold the report of any such examination for such time as he or
she may deem proper.
(b) In lieu of any such examination the commissioner may
accept the report of an examination made by the insurance
supervisory official of another state, pursuant to the laws of such
state.