Ask a question on the site
Questions
Lawyers
Blogs
Legislation
Contacts
Become a lawyer
Login Registration
Section 58-43-1 - Definition of terms. - 58-43-1. Definition of terms. Terms used in this chapter mean:...
Section 58-43-2 - Annual audit required--Filing audited financial report--Extension of filing date--Audit committee. - 58-43-2. Annual audit required--Filing audited financial report--Extension of filing date--Audit...
Section 58-43-3 - Foreign or alien insurers--Exemption. - 58-43-3. Foreign or alien insurers--Exemption. Foreign or alien insurers, filing...
Section 58-43-4 - Annual audited financial report--Contents. - 58-43-4. Annual audited financial report--Contents. The annual audited financial report...
Section 58-43-5 - Financial statements. - 58-43-5. Financial statements. The financial statements included in the audited...
Section 58-43-5.1 - Examination of financial statements by accountant. - 58-43-5.1. Examination of financial statements by accountant. Financial statements furnished...
Section 58-43-6 - Registration of retained accountant--Letter of acknowledgment from accountant. - 58-43-6. Registration of retained accountant--Letter of acknowledgment from accountant. Each...
Section 58-43-7 - Notification of dismissal or resignation of insurer's accountant--Reporting disagreements. - 58-43-7. Notification of dismissal or resignation of insurer's accountant--Reporting disagreements....
Section 58-43-8 - Explanation of disagreements between insurer and accountant--Letters from both insurer and accountant to director. - 58-43-8. Explanation of disagreements between insurer and accountant--Letters from both...
Section 58-43-9 - Qualifications of accountant. - 58-43-9. Qualifications of accountant. An accountant shall be recognized as...
Section 58-43-9.1 - Disqualification of accountant. - 58-43-9.1. Disqualification of accountant. No person or firm may be...
Section 58-43-9.2 - Disqualification of accountant for services provided contemporaneously with audit. - 58-43-9.2. Disqualification of accountant for services provided contemporaneously with audit....
Section 58-43-9.3 - Exemption from disqualification provisions of § 58-43-9.2. - 58-43-9.3. Exemption from disqualification provisions of §58-43-9.2. Any insurer having...
Section 58-43-9.4 - Services which do not disqualify accountant--Audit committee preapproval. - 58-43-9.4. Services which do not disqualify accountant--Audit committee preapproval. A...
Section 58-43-9.5 - Preapproval of auditing and nonaudit services by audit committee--SOX compliant entities. - 58-43-9.5. Preapproval of auditing and nonaudit services by audit committee--SOX...
Section 58-43-9.6 - Delegation of preapproval duties. - 58-43-9.6. Delegation of preapproval duties. The audit committee may delegate...
Section 58-43-9.7 - Disqualification of accountant due to previous employment of partner or senior manager of insurer--Relief from requirement. - 58-43-9.7. Disqualification of accountant due to previous employment of partner...
Section 58-43-10 - Rotation of accountant--Application for relief from rotation requirement. - 58-43-10. Rotation of accountant--Application for relief from rotation requirement. The...
Section 58-43-11 - Rejection of accountant or audited financial report--Grounds. - 58-43-11. Rejection of accountant or audited financial report--Grounds. The director...
Section 58-43-12 - Disqualification hearing. - 58-43-12. Disqualification hearing. An accountant which has been disqualified or...
Section 58-43-13 - Application to file consolidated or combined financial statements--Worksheet--Contents. - 58-43-13. Application to file consolidated or combined financial statements--Worksheet--Contents. An...
Section 58-43-14 - Report of material misstatement of financial condition or that capital and surplus requirements not met--Time limit--Liability of accountant. - 58-43-14. Report of material misstatement of financial condition or that...
Section 58-43-15 - Accountant's action upon awareness of new facts subsequent to filing audited report. - 58-43-15. Accountant's action upon awareness of new facts subsequent to...
Section 58-43-16 - Written communication as to unremediated material weaknesses in internal controls over financial reporting. - 58-43-16. Written communication as to unremediated material weaknesses in internal...
Section 58-43-16.1 - Applicability of §§ 58-43-16.2 to 58-43-16.9. - 58-43-16.1. Applicability of §§58-43-16.2 to 58-43-16.9. The provisions of §§58-43-16.2...
Section 58-43-16.2 - Responsibilities of audit committee. - 58-43-16.2. Responsibilities of audit committee. The audit committee shall be...
Section 58-43-16.3 - Membership of audit committee. - 58-43-16.3. Membership of audit committee. Each member of the audit...
Section 58-43-16.4 - Independence of audit committee members. - 58-43-16.4. Independence of audit committee members. A member of the...
Section 58-43-16.5 - Nonindependence of audit committee member for reasons outside the member's control. - 58-43-16.5. Nonindependence of audit committee member for reasons outside the...
Section 58-43-16.6 - Election of controlling person to designate audit committee. - 58-43-16.6. Election of controlling person to designate audit committee. To...
Section 58-43-16.7 - Report of accountant to audit committee. - 58-43-16.7. Report of accountant to audit committee. The audit committee...
Section 58-43-16.8 - Report of accountant where insurer is member of holding company system. - 58-43-16.8. Report of accountant where insurer is member of holding...
Section 58-43-16.9 - Criteria for proportion of audit committee members. - 58-43-16.9. Criteria for proportion of audit committee members. The proportion...
Section 58-43-16.10 - Hardship waiver of requirements of §§ 58-43-16.2 to 58-43-16.9, inclusive. - 58-43-16.10. Hardship waiver of requirements of §§58-43-16.2 to 58-43-16.9, inclusive....
Section 58-43-16.11 - Materially false or misleading statements or omissions to accountant prohibited. - 58-43-16.11. Materially false or misleading statements or omissions to accountant...
Section 58-43-16.12 - Coercion, manipulation, or fraudulent influence of accountant prohibited. - 58-43-16.12. Coercion, manipulation, or fraudulent influence of accountant prohibited. No...
Section 58-43-16.13 - Management's Report of Internal Control over Financial Reporting required of certain insurers. - 58-43-16.13. Management's Report of Internal Control over Financial Reporting required...
Section 58-43-16.14 - Circumstances under which director may require Management's Report of Internal Control over Financial Reporting. - Source: SL 2009, ch 271, § 29.
Section 58-43-16.15 - Certain insurers required to file Section 404 report and addendum. - 58-43-16.15. Certain insurers required to file Section 404 report and...
Section 58-43-16.16 - Contents of Management's Report of Internal Control over Financial Reporting. - 58-43-16.16. Contents of Management's Report of Internal Control over Financial...
Section 58-43-16.17 - Documentation of assertions made in Management's Report of Internal Control over Financial Reporting. - 58-43-16.17. Documentation of assertions made in Management's Report of Internal...
Section 58-43-16.18 - Discretion of management as to internal control framework and documentation. - 58-43-16.18. Discretion of management as to internal control framework and...
Section 58-43-16.19 - Confidentiality of Management's Report of Internal Control over Financial Reporting and documentation. - 58-43-16.19. Confidentiality of Management's Report of Internal Control over Financial...
Section 58-43-16.20 - Compliance of insurers retaining independent accountant on July 1, 2009. - 58-43-16.20. Compliance of insurers retaining independent accountant on July 1,...
Section 58-43-16.21 - Compliance schedule for insurers not retaining independent accountant on July 1, 2009. - 58-43-16.21. Compliance schedule for insurers not retaining independent accountant on...
Section 58-43-16.22 - Compliance of foreign insurers. - 58-43-16.22. Compliance of foreign insurers. Each foreign insurer shall comply...
Section 58-43-16.23 - Applicability of §§ 58-43-10 and 58-43-16.2 to 58-43-16.10 . - 58-43-16.23. Applicability of §§58-43-10 and 58-43-16.2 to 58-43-16.10. The provisions...
Section 58-43-16.24 - Applicability of §§ 58-43-16.13 to 58-43-16.19. - 58-43-16.24. Applicability of §§58-43-16.13 to 58-43-16.19. The requirements of §§58-43-16.13...
Section 58-43-16.25 - Internal audit function requirements. - 58-43-16.25. Internal audit function requirements. The insurer or group of...
Section 58-43-16.26 - Internal audit function to be organizationally independent. - 58-43-16.26. Internal audit function to be organizationally independent. In order...
Section 58-43-16.27 - Report of head of internal audit function to audit committee. - 58-43-16.27. Report of head of internal audit function to audit...
Section 58-43-16.28 - Member of insurance holding company system or group of insurers. - 58-43-16.28. Member of insurance holding company system or group of...
Section 58-43-16.29 - Exemption from internal audit function requirements. - 58-43-16.29. Exemption from internal audit function requirements. An insurer is...
Section 58-43-17 - Letter from accountant stating accountant's independent status, background, compliance with chapter and licensing. - 58-43-17. Letter from accountant stating accountant's independent status, background, compliance...
Section 58-43-18 - Workpapers. - 58-43-18. Workpapers. Workpapers are the records kept by the accountant...
Section 58-43-19 - Availability of workpapers and communications related to audit between insurer and accountant--Confidentiality of documents. - 58-43-19. Availability of workpapers and communications related to audit between...
Section 58-43-20 - Hardship exemption--Hearing. - 58-43-20. Hardship exemption--Hearing. Upon written application of an insurer, the...
Section 58-43-21 - Compliance with chapter for year ending December 31, 1993--Foreign insurer for 1994. - 58-43-21. Compliance with chapter for year ending December 31, 1993--Foreign...
Section 58-43-22 - Application to Canadian and British insurers. - 58-43-22. Application to Canadian and British insurers. In the case...
Section 58-43-23 - Fine, suspension, or revocation of license for violation. - 58-43-23. Fine, suspension, or revocation of license for violation. Failure...
Section 58-43-24 - Promulgation of rules by director. - 58-43-24. Promulgation of rules by director. The director may promulgate...
Section 58-43-25 - Application of chapter. - 58-43-25. Application of chapter. This chapter applies to all persons...
Section 58-43-26 - Dispute resolution by mediation or arbitration. - 58-43-26. Dispute resolution by mediation or arbitration. A qualified independent...