How often is the Commissioner required to examine the affairs and conditions of every insurer licensed in the state?

The correct answer reflects the requirement set forth by Minnesota law, which mandates that the Commissioner must examine the affairs and conditions of every insurance company licensed in the state at least once every five years. This examination is crucial for ensuring the financial stability, compliance with regulations, and overall operational integrity of the insurers, ultimately protecting policyholders and the public.

In the context of insurance regulation, these examinations help uphold industry standards and identify potential issues before they become significant problems. Regular scrutiny of insurers fosters a more stable insurance marketplace by ensuring that companies are adequately managing their risks and maintaining sufficient reserves to pay claims.