INSURANCE REGULATION 87 ANNUAL FINANCIAL REPORTING


230-RICR-20-45-7 INACTIVE RULE

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Title 230 Department of Business Regulation (includes the Office of the Health Insurance Commissioner)
Chapter 20 Insurance
Subchapter 45 Financial Standards and Corporate Operations
Part 7 INSURANCE REGULATION 87 ANNUAL FINANCIAL REPORTING
Type of Filing Technical Revision
Regulation Status Inactive
Effective 04/15/2009 to 12/02/2016

Regulation Authority:

R.I. Gen. Laws §§ 27-12-6 and 42-14-17.

Purpose and Reason:

The purpose of this regulation is to improve the Rhode Island Insurance Division's surveillance of the financial condition of insurers by requiring (1) an annual audit of financial statements reporting the financial position and the results of operations of insurers by independent certified public accountants, (2) Communication of Internal Control Related Matters Noted in an Audit, and (3) Management’s Report of Internal Control over Financial Reporting.