Investigatory Power Law and Legal Definition

Investigatory power means the governmental agencies power to inspect and compel disclosure of facts relevant to an investigation. Under this power the governmental agencies and other entities has the authority to investigate violations of laws and to gather information regarding laws that are intended to be enacted. The investigatory powers can be further used to ascertain financial condition, ability to fulfill obligations, whether the law has been complied with, other facts relating to business methods and management, and equity of dealings with policyholders.