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All insurance carriers authorized in Florida must be audited by the Office of Financial Regulation once every __________.

Answer :

Final answer:

Insurance carriers authorized in Florida must be audited by the Office of Financial Regulation once every five years to ensure compliance with state regulations and maintain solvency.

Explanation:

All insurance carriers authorized in Florida must be audited by the Office of Financial Regulation once every five years. This requirement is in place to ensure that insurance carriers comply with state regulations and maintain solvency to protect policyholders. The audit includes a comprehensive review of the carrier's financial records, policies, and procedures.

All insurance carriers authorized in Florida must be audited by the Office of Financial Regulation once every five years. This is established to ensure compliance with financial regulations and safeguard the interests of policyholders. Carriers must prepare for regular scrutiny of their finances and operational practices to maintain their authorization to operate within the state.

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