The Commissioner may adopt rules to provide for audits and opinions of insurers' financial statements by certified public accountants. These rules shall be substantially similar to the NAIC model rule that requires audited financial reports, as amended. The Commissioner may adopt, amend, or repeal provisions of these rules under G.S. 150B-21.1 in order to keep these rules current with the NAIC model rule.
N.C. Gen. Stat. § 58-2-205
CPA audits of financial statements
Known as the Examination Law. The purpose of the Examination Law
The act spans §§ 58-2-1 to 58-2-90 (60 sections).
1989, c. 485, s. 38; 1998-212, s. 26B(g).
Official source: North Carolina General Assembly. Reproduced from public-domain North Carolina statutes; confirm against the official source for the current text. Not legal advice.