16(1)The Superintendent shall visit personally, or cause to be visited, at least annually, the head office or chief agency in the Province of every licensed insurer, other than a mutual benefit society having less than three hundred members, or any insurer as to which he adopts the inspection of some other government, and he shall verify the statement of the condition and affairs of each insurer filed under this Act, and make such inquiries as are necessary to ascertain its ability to provide for the payment of its contracts as they mature, and whether or not it has complied with all the provisions of this Act applicable to its transactions; and the Superintendent shall report to the Financial and Consumer Services Commission on all matters requiring its attention and decision.