215 ILCS 5/132.4
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article IX - Provisions Applicable To All Companies

 (from Ch. 73, par. 744.4)Sec. 132.4.     Conduct of examinations.(a) Upon determining that an examination should be conducted, the  Director or his designee shall issue an examination warrant appointing one  or more examiners to perform the examination and instructing them as to the  scope of the examination.  In conducting the examination, the examiner  shall observe those guidelines and  procedures set forth in the Examiners' Handbook adopted by the National  Association of Insurance Commissioners.  The Director may also employ other  guidelines or procedures as the Director may deem appropriate.(b) Every company or person from whom information is sought and its  officers, directors, and agents must provide to the examiners appointed  under subsection (a) timely, convenient, and free access, at all reasonable  hours at its offices, to all books, records, accounts, papers, documents,  and any or all computer or other recordings relating to the property,  assets, business, and affairs of the company being examined.  The officers,  directors, employees, and agents of the company or person must facilitate  the examination and aid in the examination so far as it is in their power  to do so.  The refusal of any company or its officers, directors,  employees, and agents to submit to examination or to comply with any  reasonable written request of the examiners shall be grounds for  suspension, refusal, or nonrenewal of any license or authority held by  the company to engage in an insurance or other business subject to the  Director's jurisdiction.  Any proceedings for suspension, revocation, or  refusal of any license or authority shall be conducted under the procedures  set forth in Section 401.1 of this Code.  Evidence of refusal to submit to  examination or to comply with reasonable written requests of examiners  shall establish a rebuttable presumption that the conduct of the company's  business and affairs is hazardous to its policyholders and the public  and may cause irreparable loss and injury to others so long as the refusal  to submit or to comply with the examination continues.(c) The Director or any of his examiners shall have the power to issue  subpoenas, to administer oaths, and to examine under oath any person as to  any matter pertinent to the examination.  Subpoenas may be enforced under  the provisions of Section 403 of this Code.(d) When making an examination, the Director may retain, in consultation  with the company being examined, attorneys,  appraisers, independent actuaries, independent certified public  accountants, or other professionals and specialists as examiners, the cost  of which shall be borne by the company that is the subject of the examination.(e) Nothing contained in this Act shall be construed to limit the  Director's authority to terminate or suspend any examination in order to  pursue other legal or regulatory action under the insurance laws of this  State.  Findings of fact and conclusions made in the course of any  examination shall be prima facie evidence in any legal or regulatory action.(f) Nothing contained in this Code shall be construed to limit the  Director's authority to use and, if appropriate, to make public any final  or preliminary examination report, any examiner or company work papers or  other documents, or any other information discovered or developed during  the course of any examination in the furtherance of any legal or regulatory  action that the Director may, in his sole discretion, deem appropriate.    (Source: P.A. 87-108.)