How often does the Maryland Commissioner require domestic insurers to be examined?

• A. Every year
• B. Every 5 years
• C. Every 3 years
• D. Every 7 years

Answer: (B)

Regular regulatory examinations are used to verify a company’s financial condition and compliance. In Maryland, domestic insurers are examined by the Commissioner at least every five years. This five-year cycle balances thorough oversight with practical workloads and aligns with common NAIC practice across states. If concerns arise, a special or targeted examination can be ordered outside the standard interval, but the base schedule is five years. The options of annual, every three years, or every seven years do not reflect Maryland’s required examination frequency.