§ 27-1-3.5-6 — Annual audit; filing; time; extension

Indiana § 27-1-3.5-6

• Jurisdiction: Indiana
• Title 27: INSURANCE
• Art. 1: DEPARTMENT OF INSURANCE
• Ch. 3.5: Annual Audited Financial Reports

Text

(a) A domestic insurer shall have an audit by
an independent auditor every year and shall file an audited financial
report with the commissioner every year before June 1 immediately
following the December 31 that ends the year reported on in the
financial report. The commissioner may require a domestic insurer to
file an audited financial report earlier than June 1 if the commissioner
gives the domestic insurer ninety (90) days advance notice of the
earlier filing date.
(b) An extension of the June 1 filing date may be granted by the
commissioner for thirty (30) days upon a showing by the insurer and its
independent auditor of the reasons for requesting the extension and a
determination by the commissioner that there is good cause for an
extension. The request for an extension must be submitted in writing
at least ten (10) days before the due date, and must include sufficient
detail to permit the commissioner to make an informed decision with
respect to the requested extension.

Legislative History

As added by P.L.244-1989, SEC.2. Amended by P.L.251-1995, SEC.6.