[§431E-15]  Examiner; conflict of interest. (a)  An examiner may not be appointed by the commissioner if the examiner,either directly or indirectly, has a conflict of interest or is affiliated withthe management of or owns a pecuniary interest in any person subject toexamination under this chapter.  This section shall not be construed toautomatically preclude an examiner from being:

(1)  An owner;

(2)  An insured in a policy or life settlementcontract; or

(3)  A beneficiary in a policy that is proposed for alife settlement contract.

(b)  Notwithstanding the requirements of thissection, the commissioner may retain from time to time, on an individual basis,qualified actuaries, certified public accountants, or other similar individualswho are independently practicing their professions, even though these personsmay from time to time be similarly employed or retained by persons subject toexamination under this chapter. [L 2008, c 177, pt of §1]