Section 694C.230 - Availability and maintenance of work papers of independent certified public accountant1. A captive insurer shall ensure that its independent certified public accountant makes available for review by the Commissioner or a designee thereof the work papers of the accountant prepared in the conduct of the audit of the captive insurer. The captive insurer shall ensure that the accountant retains the audit work papers for not less than 5 years after the period reported upon in the audit.2. A review by the Commissioner of the work papers of an independent certified public accountant is considered to be an examination of the captive insurer, and all work papers obtained during the course of such an examination are confidential. The captive insurer shall ensure that the independent certified public accountant provides to the Division of Insurance of the Department of Business and Industry photocopies of any of the work papers which the Division considers relevant. The Division may retain any copies of work papers provided to it pursuant to this subsection.Nev. Admin. Code § 694C.230
Added to NAC by Comm'r of Insurance by R125-99, eff. 1-27-2000NRS 679B.130, 694C.170, 694C.400