Sec. 3.7. As used in this chapter, “SOX compliant entity” means an entity that is required to be compliant, or is voluntarily compliant, with all of the following provisions of the federal Sarbanes-Oxley Act of 2002 (Public Law 107-204):

(1) The preapproval requirements of Section 201.

Terms Used In Indiana Code 27-1-3.5-3.7

  • audit committee: means a body established by the board of directors of a domestic insurer or group of insurers for the purpose of overseeing:

    Indiana Code 27-1-3.5-0.5

  • internal control over financial reporting: means a process effected by a domestic insurer's board of directors, management, or other personnel that is designed to provide reasonable assurance regarding the reliability of financial statements of the domestic insurer, including the following:

    Indiana Code 27-1-3.5-3.3

(2) The audit committee independence requirements of Section 301.

(3) The internal control over financial reporting requirements of Section 404.

As added by P.L.146-2015, SEC.11.

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