The insurer shall file, with its annual statement filing, the approval for relief with the states that it is licensed or doing business.
In general, the principles of independence with respect to services provided by the qualified independent certified public accountant are largely predicated on three (3) basic principles, violations of which would impair the accountant's independence. The principles are that the accountant cannot function in the role of management, cannot audit his or her own work, and cannot serve in an advocacy role for the insurer.
The insurer shall file, with its annual statement filing, the approval for relief with the states that it is licensed or doing business.
Structure Mississippi Code
Chapter 5 - General Provisions Relative to Insurance and Insurance Companies
Article 2 - Audit of Financial Statements of Insurers
§ 83-5-101. Audited financial report
§ 83-5-103. Content of annual audited financial report
§ 83-5-106. Designation of independent certified public accountants
§ 83-5-107. Qualifications of independent certified public accountant
§ 83-5-108. Consolidated or combined audits
§ 83-5-109. Scope of examination and report of independent certified public accountant
§ 83-5-110. Notification of adverse financial condition
§ 83-5-111. Report on significant deficiencies in internal controls
§ 83-5-112. Accountant's letter of qualifications
§ 83-5-113. Definition, availability and maintenance of certified public accountant work papers
§ 83-5-119. Requirements for audit committees
§ 83-5-120. Internal audit function requirements
§ 83-5-123. Management's report of internal control over financial reporting