| Date: | 01/20/2020 |
|---|---|
| Organization: | Division of Insurance |
| Regulatory Authority: |
MGL c. 175, § 4 MGL c. 175, § 25 MGL c. 176G, § 10 |
| Official Version: | Purchase the official print version |
211 CMR 26.00 enhances the Division's surveillance of the financial condition of insurers by requiring: (a) an annual audit of financial statements reporting the financial position and the results of operations of insurers by independent certified public accountants (CPA); (b) Communication of Internal Control Related Matters Noted in an Audit; and (c) Management’s Report of Internal Control over Financial Reporting. 211 CMR 26.00 will assure that CPA audits are conducted which will enhance the protection of Massachusetts policyholders.
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