A. In the case of Canadian and British insurers, the annual audited financial report shall be defined as the annual statement of total business on the form filed by such companies with their supervision authority duly audited by an independent chartered accountant.
B. For such insurers, the letter required in subsection B of Section 311A.6 of this title shall state that the accountant is aware of the requirements relating to the annual audited financial report filed with the Insurance Commissioner pursuant to Section 311A.4 of this title and shall affirm that the opinion expressed is in conformity with those requirements.
Added by Laws 2009, c. 176, § 20, eff. Nov. 1, 2009. Amended by Laws 2019, c. 28, § 11, eff. Nov. 1, 2019.