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. The supervision of insurance commission and the requirement to produce specific of external auditor are two important elements of the interaction between the insurance commission and auditor. The insurance commission and auditor is responsible for monitoring the compliance of insurance companies. . There are other companies besides insurance companies that may have insurance contract transaction; in this case, it needs to be identify whether as a insurer or as a policy holder and to determine whether those transactions would fall under the definition and be recorded according to insurance standards. . Whom they provide their services to distinguishes mutual benefit associations insurance from life insurance businesses. MBas is a nonprofit, non-stock insurance firm that solely provides services to the association's members and policyholders. Although some of its members receive credit assistance, its product is comparable to life insurances