Definition - What does Insurance Examiner mean?
An insurance examiner is a person who is appointed by the government inspect insurance companies in order to make sure that they are in compliance with insurance laws. These examiners usually work for the state insurance department and must possess the required training and licensing to perform their duties.
Insuranceopedia explains Insurance Examiner
Insurance examiners play an important role. By auditing insurance companies, they make sure that insurance policyholders are protected. In doing so, they maintain the integrity of the insurance market.
Insurance examiners will, among other things, look at financial reports from insurance companies to make sure they are solvent and not exposed to too much risk. They also make sure that practicing insurance companies are legitimate and that their customers are not buying into a scam.
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