§ 3578a. Annual financial reporting
§ 3578a. Annual financial reporting The Commissioner shall adopt by rule the Annual Financial Reporting Model Regulation of the National Association of Insurance Commissioners, as may be amended from time to time, or in the Commissioner’s discretion a regulation substantially similar thereto. (Added 2009, No. 42, § 7; amended 2013, No. 29, § 25, eff. […]
§ 3579. Qualified accountants
§ 3579. Qualified accountants (a) A certified public accountant retained to perform audits of an insurer pursuant to the annual financial reporting rule adopted by the Commissioner under section 3578a of this title: (1) shall be a member in good standing of the American Institute of Certified Public Accountants and in all states in which […]
§ 3577. Requirements for actuarial opinions
§ 3577. Requirements for actuarial opinions (a) Each licensed insurance company shall include on or attached to its annual statement submitted under section 3561 of this title a statement of a qualified actuary, entitled “statement of actuarial opinion,” setting forth an opinion on life and health policy and claim reserves and an opinion on property […]
§ 3567. Liquor liability insurance records
§ 3567. Liquor liability insurance records (a) All insurers licensed to sell insurance, including nonadmitted insurers with whom certain types of insurance may be placed as permitted by chapter 138 of this title, shall submit the following liquor liability insurance statistics to the Commissioner of Financial Regulation who shall collect and maintain records on the […]
§ 3568. Preservation of records
§ 3568. Preservation of records (a) Every domestic and foreign insurer shall preserve their business records in accordance with the rules adopted under this section. (b) The Commissioner may by rule require insurers to preserve any records relating to the business of insurance as are necessary for efficient and effective insurance regulation. (c) If a […]
§ 3569. National Association of Insurance Commissioners filing requirements
§ 3569. National Association of Insurance Commissioners filing requirements (a) Each domestic, foreign, and alien insurer who is authorized to transact insurance in this State shall annually on or before March 1 of each year, or within any extension of time not to exceed 30 days which the Commissioner, for good cause may have granted, […]
§ 3570. Immunity
§ 3570. Immunity In the absence of actual malice, members of the National Association of Insurance Commissioners, their duly authorized committees, subcommittees, and task forces, their delegates, National Association of Insurance Commissioners’ employees, and all others charged with the responsibility of collecting, reviewing, analyzing, and disseminating the information developed from the filing of the annual […]
§ 3571. Confidentiality
§ 3571. Confidentiality All financial analysis ratios and examination synopses concerning insurance companies that are submitted to the Department by the National Association of Insurance Commissioners’ Insurance Regulatory Information System are confidential and may not be disclosed by the Department. (Added 1991, No. 101, § 10.)
§ 3572. Revocation of certificate of authority
§ 3572. Revocation of certificate of authority The Commissioner may suspend, revoke, or refuse to renew the certificate of authority of any insurer failing to file its annual statement when due or within any extension of time which the Commissioner, for good cause, may have granted. (Added 1991, No. 101, § 11.)
§ 3573. Conduct of examinations
§ 3573. Conduct of examinations (a) Upon determining that an examination should be conducted, the Commissioner or the Commissioner’s designee shall issue an examination order appointing one or more examiners to perform the examination and instructing them as to the scope of the examination. In conducting a financial or a market conduct examination, the examiner […]