What must all persons or business entities being examined provide to the Director of Insurance?

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All persons or business entities being examined are required to provide free access to records and documents to the Director of Insurance. This is crucial because it allows the Director to conduct thorough examinations and ensure compliance with the necessary regulations governing the insurance industry. Granting free access helps facilitate transparency and accountability within the industry, allowing for an accurate assessment of financial practices, adherence to laws, and overall operational integrity.

While banking records, annual financial summaries, and personnel records might be relevant in certain circumstances, they are not universally mandated for review in every examination. The requirement for free access encompasses a broader scope, ensuring that all pertinent documentation can be evaluated without restriction, which is essential for a comprehensive review process.

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