58-43-9.1. Disqualification of accountant.
No person or firm may be recognized as a qualified independent certified public accountant if the person or firm:
(1)Is not in conformity with the Code of Professional Ethics of the American Institute of CPA's and in all states in which the accountant is licensed to practice, or, for a Canadian or British company, that is not a chartered accountant; or
(2)Has either directly or indirectly entered into an agreement of indemnity or release from liability with respect to the audit of the insurer.
Source: SL 2007, ch 294, §3.