How frequently are self-insurance pools examined by the commissioner?

Self-insurance pools are examined by the commissioner on an annual basis to ensure compliance with regulatory standards and financial stability. This examination helps to ascertain the financial health of these pools, ensuring that they can meet their obligations to the members they serve. Conducting these examinations annually strikes a balance, allowing the commissioner to thoroughly assess the operations and adherence to applicable laws without overburdening the pools with excessive scrutiny. Such an approach also aligns with regulatory practices aimed at protecting members while fostering a viable insurance environment. Regular, but not overly frequent, examinations are essential for maintaining trust and transparency in the insurance community, which makes the annual frequency central to effective regulation.