Which of the following statements regarding the Commissioner is false?

Select one: a. The Commissioner may adopt regulations which are necessary to carrying out his duties.

b. The Commissioner must regulate foreign or domestic insurance companies, who may not transact any insurance business in this state.

c. Insurers must file with the Commissioner annually or on or before March 1st, a financial statement regarding the total premiums or collected or contracted in Colorado during the year ending on December 31st.

d. The Commissioner will have power to examine and investigate into the affairs of every person engaged in the business of insurance in this state.