33-2-1511. Audit committee. Each controlled insurer shall have an audit committee of the board of directors composed of independent directors. The audit committee shall annually review the adequacy of the controlled insurer's loss reserves and meet with management, the controlled insurer's independent certified public accountants, and an independent casualty actuary or other independent loss reserve specialist acceptable to the commissioner.
History: En. Sec. 7, Ch. 596, L. 1993.
Structure Montana Code Annotated
Title 33. Insurance and Insurance Companies
Chapter 2. Regulation of Insurance Companies
Part 15. Regulation of Controlled Insurers and Controlling Producers
33-2-1502. Filing requirements
33-2-1505. through 33-2-1508 reserved
33-2-1509. Applicability of minimum standards
33-2-1512. Annual report by independent actuary
33-2-1513. Annual report to commissioner