Within how many days after an examination report must the Director issue a written order?

Within how many days after an examination report must the Director issue a written order?

• A. 30 days
• B. 60 days
• C. 90 days
• D. 120 days

Answer: (C)

The correct timeframe for the Director to issue a written order after receiving an examination report is 90 days. This requirement is established to ensure that the review process is conducted timely and that any necessary actions or decisions are made without undue delay. The 90-day period allows the Director sufficient time to thoroughly analyze the findings of the examination report, consider any relevant factors, and ultimately determine the appropriate course of action. This timeframe is consistent with the necessity for regulatory efficiency and accountability in overseeing insurance practices and maintaining compliance within the industry.

The correct timeframe for the Director to issue a written order after receiving an examination report is 90 days. This requirement is established to ensure that the review process is conducted timely and that any necessary actions or decisions are made without undue delay. The 90-day period allows the Director sufficient time to thoroughly analyze the findings of the examination report, consider any relevant factors, and ultimately determine the appropriate course of action. This timeframe is consistent with the necessity for regulatory efficiency and accountability in overseeing insurance practices and maintaining compliance within the industry.