N.M. Admin. Code § 13.2.5.13

Current through Register Vol. 35, No. 24, December 23, 2024

Section 13.2.5.13 - REGISTRATION OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANT

A. An insurer required by this rule to file an annual audited financial report must, within 60 days after becoming subject to such requirement, register with the superintendent, in writing, the name and address of the ICPA or accounting firm retained to conduct the annual audit required by this rule.

B. An insurer shall obtain a letter from the ICPA, and submit a copy to OSI stating that the ICPA is aware of the provisions of the insurance code and the rules of the insurance department of the insurer's state of domicile that relate to accounting and financial matters and affirming that the ICPA will express an opinion on the financial statement in terms of conformity to the statutory accounting practices prescribed or otherwise permitted by that department, specifying such exceptions as the ICPA may believe appropriate.

1/1/94; 13.2.5.13 NMAC - Rn, 13 NMAC 2.5.13, 1/1/2010, Amended by New Mexico Register, Volume XXXI, Issue 18, September 29, 2020, eff. 10/1/2020