58-6A-4. Financial information submitted to director.
Any risk retention group doing business in this state shall submit to the director:
(1)A copy of the group's financial statement submitted to its state of domicile, which shall be certified by an independent public accountant and contain a statement of opinion on loss and loss adjustment expense reserves made by a member of the American Academy of Actuaries or a qualified loss reserve specialist under criteria established by the National Association of Insurance Commissioners;
(2)A copy of each examination of the risk retention group as certified by the director or public official conducting the examination;
(3)Upon request by the director, a copy of any audit performed with respect to the risk retention group; and
(4)Such information as may be required to verify its continuing qualification as a risk retention group under this chapter.
Source: SL 1987, ch 372, §4.