Section 760IAC1-78-17. Canadian and British companies

Latest version.

(a) In the case of Canadian and British insurers, the annual audited financial report shall be defined as the annual statement of total business on the form filed by the companies with their supervision authority duly audited by an independent chartered accountant.

(b) For such insurers, the letter required in section 5(b) of this rule shall:

(1) state that the accountant is aware of the requirements relating to the annual audited financial report filed with the commissioner under section 3 of this rule; and

(2) affirm that the opinion expressed is in conformity with those requirements.

(Department of Insurance; 760 IAC 1-78-17; filed Oct 27, 2009, 2:52 p.m.: 20091125-IR-760090376FRA; readopted filed Nov 20, 2015, 9:25 a.m.: 20151216-IR-760150341RFA)

                    
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