Which of the following is NOT required for an insurer collecting premiums but not transacting new business?

To determine what is not required for an insurer that is collecting premiums but not actively transacting new business, one must consider the roles of various requirements in the insurance industry.

A certificate of authority is a fundamental requirement for any insurance company wishing to conduct business legally within a state. It demonstrates that the insurer meets the necessary standards and regulations set by the state's insurance department to operate. Since the scenario specifies that the insurer is collecting premiums, it indicates that the company is still engaging in a form of business, even if it is not writing new policies. Thus, having a certificate of authority is essential.

Financial audits are typically required to ensure that the insurer remains financially viable and can meet its obligations to policyholders. This requirement does not diminish when the company stops writing new business since existing policies continue to carry obligations that need monitoring through audits.

Policyholder consent is often related to changes in policy terms or conditions rather than a basic requirement for conducting business. Although it's important in some contexts, it does not specifically pertain to the collection of premiums if no new business is being conducted.

Regulatory compliance underscores the need for insurers to adhere to the laws and regulations governing their operations. This obligation persists regardless of whether the insurer is writing new policies or simply collecting existing