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All of the following are key points to the Model law on Examinations EXCEPT:

-your state may accept an examination report prepared by the domicile state if the state is an accredited state
-your state may accept an exam conducted by a non-accredited state
-exams must be conducted every 5 years to comply with the Accreditation program
-exams must comply with NAIC Financial Condition Examiners Handbook

1 Answer

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Final answer:

The key point that 'exams must be conducted every 5 years to comply with the Accreditation program' is the exception and may not be an absolute requirement as policies regarding exam frequency can vary.

Step-by-step explanation:

All of the following are key points to the Model law on Examinations EXCEPT:

  • Your state may accept an examination report prepared by the domicile state if the state is an accredited state
  • Your state may accept an exam conducted by a non-accredited state
  • Exams must be conducted every 5 years to comply with the Accreditation program
  • Exams must comply with NAIC Financial Condition Examiners Handbook

When considering these key points, it is important to note that while states can accept examination reports from other states, whether accredited or not, the frequency requirement aligned with the accreditation program is not as rigid as stated. The detailed rules regarding exam frequency may vary, thereby making the statement "exams must be conducted every 5 years to comply with the Accreditation program" a less absolute point compared to the others.

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