8.   The commissioner shall have the authority to:

   a.   Review any investment pool agreement and disapprove that agreement if it does not comply with the provisions of this act;

   b.   Review the operation of any investment pool and order compliance with this act; and

   c.   Disallow, as an admitted asset, any investment not in compliance with the provisions of this act.

   L.1999,c.20,s.8.