The primary goal of the Finance Division is to protect insurance consumers through effective solvency regulation by monitoring the financial condition of all domestic and foreign insurance companies operating in the state; conducting financial and market conduct examinations; reviewing other financial information and reports filed by insurance entities, such as business plans, reinsurance agreements, merger and acquisition documents, company formation documents, market research and feasibility studies; reviews and approves the licensing of insurers, captives, risk retention groups, surplus lines, charitable annuities, continuing care facilities, motor clubs, risk based provider organizations, certified reinsurers, service contract providers, and accredited/trusteed reinsurers; examines prepaid funeral contracts and conducts financial examinations of licensees’ trust funds and custodial accounts; and oversees statutory security deposits of insurance companies.

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