How often are fiscal examinations conducted in Indiana?

In Indiana, fiscal examinations are conducted once a year to ensure that insurance companies comply with state regulations and to evaluate their financial health. This annual examination is essential for maintaining oversight in the insurance industry, helping to protect policyholders and ensure that insurers remain solvent and capable of meeting their obligations. Regular annual examinations allow regulators to monitor financial conditions and ensure that companies adhere to proper accounting practices and solvency standards. The frequency of these examinations reflects the need for consistent oversight in a potentially volatile industry, thereby fostering trust and transparency in the financial dealings of insurance providers.