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State examinations are very
costly. These days an average DOI examination
cost companies over $35,000 for an examination
conducted by one examiner. If problems
are found, fines and/or monies refunded to consumers
can amount to thousands and sometimes millions
of dollars.
In addition, the task of
correcting problems discovered by an Insurance
Department is very time consuming. Beside
monetary concerns, a market conduct examination
always disrupts the Company's operation, as
staff needs to be assigned to coordinate the
process with the examiners.
Trying not to disrupt the
Company's everyday operations as much as possible,
and at the same time saving the Company money
in travel expenses that are typically associated
with onsite examinations, we conduct most of
our services at our office.
Our services
will provide a detailed analysis of potentially
problem areas so they can be corrected prior
to a state exam. If the Company finds
a problem and corrects it before the DOI finding
it, the Company avoids any penalty associated
with the issue.
The clock is ticking; act
now, before it is too late. Give us a
call or complete a quote
request for an obligation-free quote designed
specifically for your company.
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