What authority does the director have over insurance transactions of alien insurers?

The authority of the director over the insurance transactions of alien insurers is specifically focused on their activities within the United States. By limiting examinations to the transactions and affairs of these insurers in the U.S., the director ensures that they are compliant with local regulations and laws that pertain to insurance operations here. This focus is crucial because while these insurers may operate globally, their obligations and impacts are primarily of concern within the jurisdiction where they transact business.

This limitation allows for a more practical and manageable oversight, ensuring that the insurer's practices align with U.S. standards without overreaching into their global dealings, which may fall under different regulatory frameworks in their home countries. Other options, such as examining all global transactions or approving international policies, extend the director's authority beyond what is typically allowed and necessary for effective regulation.