Final answer:
Insurance companies are regulated at the state level in the U.S., with the National Association of Insurance Commissioners serving as a hub for regulators. Their main objectives are to maintain affordable insurance prices and ensure widespread coverage.
Step-by-step explanation:
The question asks how often authorized insurance companies are examined by a commissioner. Within the U.S. insurance industry, a significant degree of regulation occurs at the state level. The National Association of Insurance Commissioners, which has been in existence since 1871, serves as a hub for these state-level regulators, providing a platform for information and strategy exchange. Among their primary objectives is the maintenance of low insurance prices and ensuring universal insurance coverage, although these two goals can sometimes be contradictory.
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