What must the Commissioner examine to maintain a broker’s license?

To maintain a broker's license, the Commissioner must examine records related to the broker's business. This involves reviewing documentation that demonstrates the broker’s compliance with applicable laws and regulations, as well as ensuring that the broker is conducting business in a professional and ethical manner. The records may include financial statements, transaction records, and any operational documentation that reflects the broker's activities in the surplus lines insurance market.

This focus on business records aligns with regulatory practices that aim to protect consumers and maintain the integrity of the insurance market. Effective scrutiny of business records helps ensure that brokers are managing their operations appropriately, adhering to legal mandates, and fulfilling their responsibilities towards clients and the insurance system as a whole.

Other options do not directly address the Commissioner’s specific mandate regarding the maintenance of a broker’s license. For instance, examining personal finances may be too intrusive and unrelated to the professional conduct required of brokers in the insurance industry. Evaluating clients or past claims would not provide a comprehensive view of the business practices necessary for licensing purposes.