What is the purpose of insurance examiners in Florida?

The function of insurance examiners in Florida revolves around ensuring that insurance companies adhere to the regulations set forth by state laws and maintain industry standards. This is critical for protecting consumers and maintaining the overall integrity of the insurance market.

Insurance examiners conduct thorough examinations of an insurer's financial records, processes, and policies to verify that they operate within legal frameworks and comply with all relevant statutes. Their work helps safeguard consumers from potential malpractice or financial mismanagement by insurance companies. By ensuring that companies follow the rules, examiners contribute to the stability and reliability of the insurance sector, which is crucial for public trust and consumer protection.

The other options do not accurately reflect the role and responsibilities of insurance examiners. Selling insurance products, offering legal advice, or mediating disputes are functions typically associated with insurance agents, legal professionals, and claims adjusters, rather than the regulatory inspection and compliance monitoring that examiners perform.