Section 625-5 - Establishment of internal audit and compliance procedures(a) Every insurer shall institute and maintain internal audit and compliance procedures which provide for the evaluation of compliance with all statutes and regulations dealing with sales methods, advertising and filing and approval requirements for life insurance and annuities. These procedures shall also provide for the following: (1) Periodic reviews of consumer complaints in order to identify patterns of improper practices.(2) Regular reporting to senior officers and the board of directors or an appropriate committee thereof with respect to any significant findings.(3) The establishment of lines of communication, control and responsibility over the dissemination of advertising and promotional materials, including illustrations and illustration explanations, with the requirement that such materials shall not be used without the approval by company employees whose compensation, other than generally applicable company bonus or incentive plans, is not directly linked to marketing or sales.(b) Each insurer shall make available for department inspection upon request its internal audit and compliance procedures which are instituted as required by this section.1921, May 17, P.L. 682, No. 284, added 1996, Dec. 18, P.L. 1003, No. 154, § 3, effective 7/1/1997.