Guam § 23108 - Examinations and Investigations.
Full text of Guam Guam Code Annotated § 23108 — Examinations and Investigations., with citation guidance and answers to common questions.
§ 23108. Examinations and Investigations.
At least once in three (3) years, and whenever the Commissioner
determines it to be prudent, he shall personally, or by some competent
person appointed by him, visit each captive insurance company and
thoroughly inspect and examine its affairs to ascertain its financial
condition, its ability to fulfill its obligations and whether it has complied
with the provisions of this Chapter. The Commissioner upon application, in
his discretion, may enlarge the aforesaid three (3) year period to five (5)
years, provided said captive insurance company is subject to a
comprehensive annual audit during such period of a scope satisfactory to
the Commissioner by independent auditors approved by him. The
Commissioner may use independent contractor examiners to conduct
examinations pursuant to this Section. The expenses and charges of the
examination shall be paid to the government of Guam by the company or
companies examined and the Commissioner shall issue his warrants for the
proper charges incurred in all examinations.
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 23108
What does Guam Code Annotated § 23108 cover?
Section 23108 ("Examinations and Investigations.") is part of the Guam Code Annotated, the codified statutory law of Guam. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Guam § 23108?
A common citation format is "Guam Code Annotated § 23108" (Guam). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Guam law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Guam official source linked on this page or consult a licensed Guam attorney.
How does Guam § 23108 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Guam can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Guam.