Documented supervision procedures and controls

An insurance producer, third party administrator, insurer, preferred provider organization, or an agent of the same shall establish and maintain documented supervision procedures and controls that are reasonably designed to achieve compliance with §§ 58-33-93 to 58-33-116 , inclusive. The supervisory procedures shall include: (1) Training; (2) Internal controls; (3) Periodic audits; (4) Supervisory review; and (5) Monitoring and enforcement of contractual provisions established under §§ 58-33-104 and