Examples of Audited financial report in a sentence
The annual Audited financial report shall report the financial position of the insurer as of the end of the most recent calendar year and the results of its operations, cash flows and changes in capital and surplus for the year then ended in conformity with statutory accounting practices prescribed, or otherwise permitted, by the Department of Insurance of the state of domicile.
All insurers shall have an annual audit by an independent certified public accountant and shall file an Audited financial report with the Commissioner on or before June 1st for the year ended December 31st immediately preceding.
In addition to the annual Audited financial report, each insurer shall furnish the Commissioner with a written communication as to any unremediated material weaknesses in its Internal controls over financial reporting noted during the audit.
General Requirements Related to Filing and Extensions for Filing of Annual Audited Financial Reports and Audit Committee Appointment (Section 4) Section 4D stipulates that each insurer required to file an annual Audited financial report pursuant to the Model shall designate a group of individuals as constituting its Audit committee.
The Commissioner may require an insurer to file an Audited financial report earlier than June 1st with 90 days advance notice to the insurer.The annual Audited financial report shall be considered part of the insurer's annual statement filing, except as to the due dates provided in 211 CMR 26.00, as provided by M.G.L. c.