211 CMR, § 26.02

Current through Register 1537, December 20, 2024

Section 26.02 - Purpose

The purpose of 211 CMR 26.00 is to enhance the Division's surveillance of the financial condition of insurers by requiring:

(a) an annual audit of financial statements reporting the financial position and the results of operations of insurers by independent certified public accountants (CPA);

(b) Communication of Internal Control Related Matters Noted in an Audit; and

(c) Management's Report of Internal Control over Financial Reporting. 211 CMR 26.00 will assure that CPA audits are conducted which will enhance the protection of Massachusetts policyholders.

211 CMR, § 26.02

Amended by Mass Register Issue 1408, eff. 1/10/2020.