Perform a statutory financial examination of Farmers Mutual Insurance Company, in the State of West Virginia. Draft a formal report of examination that contains findings, conclusions, and recommendation of corrective or regulatory action, and a description of issues of non-compliance with West Virginia's statutes, regulations, filing requirements and administrative procedures Farmers Mutual Insurance Company. A. Prepare and issue separate examination planning memorandum for each company examined in accordance with the NAIC Financial Condition Examiner's Handbook. The memorandum must be timely and must have the approval of the Chief Financial Examiner or her designee in order to continue with the examination. B. Prepare and issue a budget of the estimated time to complete identified examination procedures identified early in the planning process.
