For the purpose of discovering violations of this article or securing information
lawfully required by him hereunder, the superintendent may at any time, and as often
as may be determined, either personally or by a person duly designated by him, investigate
the activities of representatives of licensees and examine the books, accounts, records,
and files used in relation to those activities. For that purpose the superintendent and a duly designated representative (i) shall
have free access to the offices, books, accounts, papers, records, files, safes and
vaults of licensees and their representatives, and (ii) shall have authority to require
the attendance of and to examine under oath all persons whose testimony may be required
relative to the activities of a representative. The expenses incurred in making any examination pursuant to this section shall be
assessed against and paid by the licensee so examined, except that traveling and subsistence
expenses so incurred shall be charged against and paid by licensees in such proportions
as the superintendent shall deem just and reasonable, and such proportionate charges
shall be added to the assessment of the other expenses incurred upon each examination. Upon written notice by the superintendent of the total amount of such assessment,
the licensee shall become liable for and shall pay such assessment to the superintendent.
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