South Dakota Codified Laws 58-43-16.13. Management’s Report of Internal Control over Financial Reporting required of certaininsurers
Current as of: 2023 | Check for updates
|
Other versions
Each insurer required to file an audited financial report pursuant to this chapter that has annual direct written and assumed premiums, excluding premiums reinsured with the Federal Crop Insurance Corporation and Federal Flood Program, of five hundred million dollars or more shall prepare a report of the insurer’s or group of insurers’ internal control over financial reporting. The report shall be filed with the director along with the communication of internal control related matters noted in an audit described in § 58-43-16. The Management’s Report of Internal Control over Financial Reporting shall be as of December thirty-first for the immediately preceding year.
Terms Used In South Dakota Codified Laws 58-43-16.13
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- written: include typewriting and typewritten, printing and printed, except in the case of signatures, and where the words are used by way of contrast to typewriting and printing. See South Dakota Codified Laws 2-14-2
Source: SL 2009, ch 271, § 28.