MCL - 218-1956-10
Act 218 of 1956
ANNUAL AUDITED FINANCIAL REPORTS
| Document | Type | Description |
|---|---|---|
| Section 500.1001 | Section | Definitions. |
| Section 500.1003 | Section | Nonapplicability of chapter. |
| Section 500.1005 | Section | Insurer; annual audit; filing date; extensions; designation of audit committee. |
| Section 500.1007 | Section | Annual audited financial report; contents; form; conduct of examination by independent public accountant. |
| Section 500.1009 | Section | Insurer required to file annual audited report; registration of insurer's independent public accountant; letter required; dismissal or resignation of independent public accountant; notice; report of disagreement; responsive letter. |
| Section 500.1010 | Section | Recognition of person or firm as independent public accountant; mediation or arbitration of disputes; limitation on period of service; relief from rotation requirement; restrictions; hearing; ruling by commissioner; exemption from subsection (7); nonaudit services; preapproval; waiver; independent public accountant not recognized as qualified; condition; relief from subsection (14). |
| Section 500.1011 | Section | Audited consolidated or combined financial statements; application for filing; work sheet. |
| Section 500.1015 | Section | Independent public accountant; reporting determination that insurer materially misstated financial condition or does not meet requirements of MCL 500.408 or MCL 500.410; liability; action to be taken after date of audited financial report. |
| Section 500.1017 | Section | Independent public accountant; communicating unremediated material weaknesses; description. |
| Section 500.1019 | Section | Independent public accountant; filing letter with annual audited financial report; contents. |
| Section 500.1021 | Section | Work papers; availability; retention; review as investigation; use. |
| Section 500.1023 | Section | Compliance with chapter; exemption; filing reports on other than calendar year basis; compliance by domestic insurers; schedule; compliance by foreign insurers. |
| Section 500.1025 | Section | Canadian and British insurers; annual audited financial report; contents of independent public accountant's letter. |
| Section 500.1027 | Section | Applicability of section to domestic insurer not SOX compliant entity; duties of audit committee; member of audit committee as independent; election of controlling person; report by accountant; reports provided on aggregate basis; structure of audit committee; waiver from section based on hardship; effective date of section; "direct written and assumed premiums" defined. |
| Section 500.1028 | Section | Internal audit function; exemption; confidentiality; report to audit committee. |
| Section 500.1029 | Section | Director or officer of insurer; prohibited conduct. |
| Section 500.1031 | Section | Report of insurer's or group of insurers' internal control over financial reporting; requirements. |
| Section 500.1033 | Section | Exemption from any or all provisions of chapter. |