Indiana Statutes
§ 27-1-35-12 — Audit committees
Indiana·Title 27 INSURANCE·Art. 1 DEPARTMENT OF INSURANCE·Ch. 35 Business Transacted With Producer Controlled Property
Each controlled insurer shall have an audit
committee of the board of directors composed of independent directors.
The audit committee shall annually meet with management, the
insurer's independent certified public accountants, and an independent
casualty actuary or other independent loss reserve specialist acceptable
to the commissioner to review the adequacy of the insurer's loss
reserves.
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Legislative History
As added by P.L.130-1994, SEC.36 and P.L.116-1994,
SEC.47.
Nearby Sections
15
§ 27-1-1-1
Creation; functions§ 27-1-1-2
Insurance commissioner§ 27-1-1-3
Personnel§ 27-1-1-4
Repealed§ 27-1-1-5
Repealed§ 27-1-1.5-10
"Annual Statement Blank"§ 27-1-1.5-11
"Annual Statement Instructions"§ 27-1-1.5-12
"Current Dental Terminology"; "CDT"§ 27-1-1.5-13
"Current Procedural Terminology"; "CPT"§ 27-1-1.5-15
"Financial Analysis Handbook"§ 27-1-1.5-16
"Financial Condition Examiner's Handbook"§ 27-1-1.5-18
"Healthcare Common Procedure Coding System"; "HCPCS"