ALBERT C. RITCHIE, GOVERNOR. 715

powers and duties vested by law in the commissioner. He
shall give bond to the commissioner in such penalty as shall
be determined by the commissioner, and shall receive an annual
compensation as fixed and provided by the budget. In the
event of the absence or disability of the Deputy Insurance
Commissioner, the Insurance Commissioner appointed and
qualified under Sections 3 and 4 of this article, may designate
and appoint an Acting Deputy Insurance Commissioner for
the period covering the absence and/or disability of such
Deputy Insurance Commissioner.

Section 6. Examiner. There shall be an examiner of the
insurance department, who shall be appointed by the com-
missioner and whose duty it shall be to examine, under the
direction of the commissioner, the condition and affairs of
every insurance company of this State and such other com-
panies doing business in this State as the commissioner may
direct, in order that the commissioner may know whether or
not such companies are solvent and in compliance with the
laws of this State. Said examiner shall receive an annual
compensation as fixed and provided by the budget and the per
diem provided by Section 50, to be paid by the companies
examined by him.

Section 7. Actuary. The commissioner shall also ap-
point an actuary for the department, who shall receive an
annual compensation as fixed and provided by the budget and
the fees provided by Section 40, to be paid by the companies
whose policies he shall value as required by law.

Section 8. Auditor. The Commissioner shall also appoint
an auditor for the department, whose duties it shall be to ex-
amine and audit the annual statements of all insurance com-
panies authorized to do business in this State, the books, ac-
counts and affairs of the insurance department, and do such
other auditing as the commissioner may direct. He shall
also, when so directed by the commissioner, assist in the ex-
amination of companies, and shall receive the annual com-
pensation as fixed and provided by the budget, and when en-
gaged in the examination of companies, the per diem provided
by Section 50, to be paid by the companies examined by him.

Section 11. Annual Report to Governor. The commis-
sioner shall preserve in permanent form a full record of his