Nev. Admin. Code § 694C.228

Current through June 11, 2024

Section 694C.228 - Reporting of significant deficiency in insurer's structure for internal control

If, following the audit of the financial statements of a captive insurer, an independent certified public accountant notes any significant deficiency in the captive insurer's structure for internal control, the captive insurer shall, not later than 60 days after the date on which the annual audited financial report is filed with the Commissioner, file a written report which provides a description of the deficiency and of the remedial actions taken or proposed to correct the significant deficiency, if those actions are not otherwise described in the accountant's report filed with the annual audited financial report.

Added to NAC by Comm'r of Insurance by R064-06, eff. 9-18-2006

NRS 679B.130, 694C.170, 694C.400