INSURANCE REGULATION 87 ANNUAL FINANCIAL REPORTING
230-RICR-20-45-7 INACTIVE RULE
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.