5 Del. C. § 2322: Supervision and examination of business by Commissioner [For application of this section, see 85 Del. Laws, c. 338, § 3].

(a) Every person or combination of persons licensed to transact business as provided in this chapter is subject to the supervision and examination of the Commissioner. The Commissioner or the Commissioner’s authorized representative shall examine each licensee annually or at intervals the Commissioner determines are necessary.

(b) During an examination, the Commissioner or the Commissioner’s authorized representative must be given access to every part of the office or place of business visited and to the assets, securities, books, and papers of the business.

(c) An examination must include a thorough review of the licensee’s affairs, including resources, liabilities, investment of funds, and the business operations and internal controls. The Commissioner shall determine compliance with this chapter, regulations adopted under this chapter, and other applicable law. The Commissioner may examine a person under oath or affirmation regarding the affairs of the licensee.

(d) If, in the Commissioner’s opinion, it is necessary for a thorough examination of a licensee, the Commissioner may retain 1 or more accountants, attorneys, appraisers or other third parties to assist the Commissioner in the examination. Within 10 days after receipt of a statement from the Commissioner, the licensee shall pay or reimburse the fees, costs and expenses of any third parties retained by the Commissioner under this subsection.

(e) The Commissioner may prescribe regulations to carry out the purposes of this chapter.