Statutes, codes, and regulations
Colorado Administrative Code
Department 700 - Department of Regulatory AgenciesDivision 702 - Division of InsuranceRule 3 CCR 702-3 - FINANCIAL ISSUES
Regulation Regulation 3-1-4 - CONCERNING A COMPANY'S ANNUAL AUDITED FINANCIAL REPORTS, AUDIT COMMITTEE AND INTERNAL CONTROL DEPARTMENT REQUIREMENTS
Section 3 CCR 702-3-1-4-2 - Scope and Purpose

3 Colo. Code Regs. § 702-3-1-4-2

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Current through Register Vol. 47, No. 24, December 25, 2024
Section 3 CCR 702-3-1-4-2 - Scope and Purpose

The purpose of this regulation is to improve the Division's surveillance of the financial condition of companies by requiring:

(1) an annual audit of financial statements reporting the financial position and the results of operations of companies 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.

This regulation shall not prohibit, preclude or in any way limit the Commissioner from ordering or conducting or performing examinations of companies under the rules and regulations of the Division and the practices and procedures of the Division.

3 CCR 702-3-1-4-2

37 CR 20, October 25,2014, effective 11/15/2014
37 CR 20, October 25,2014, effective 1/1/2015
37 CR 23, December 10, 2014, effective 1/1/2015
38 CR 17, September 10, 2015, effective 10/1/2015
39 CR 05, March 10, 2016, effective 4/1/2016
39 CR 14, July 25, 2016, effective 8/15/2016
39 CR 23, December 10, 2016, effective 1/1/2017
40 CR 03, February 10, 2017, effective 3/15/2017
40 CR 05, March 10, 2017, effective 4/1/2017
40 CR 13, July 10, 2017, effective 8/1/2017
40 CR 17, September 10, 2017, effective 11/1/2017
43 CR 06, March 25, 2020, effective 4/15/2020
44 CR 03, February 10, 2021, effective 3/15/2021
44 CR 23, December 10, 2021, effective 1/1/2022
46 CR 03, February 10, 2023, effective 3/2/2023