Annual Financial Reporting Regulation For Risk Retention Groups Chartered In This State

Tuesday, July 17, 2012

The purpose of this regulation is to improve the Department’s surveillance of the financial condition of RRGs by requiring (1) an annual audit of financial statements reporting the financial position and the results of operations of RRGs 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. 

These documents are not legal documents but are placed here for reference purposes only. For a legal copy please contact the department.