Ind. Code § 27-1-3.5-3.2
This is the official text of Ind. Code § 27-1-3.5-3.2, part of Indiana’s Code — part of the compiled statutory law of Indiana, published by the state as "Code." Browse the sections below, each linked to its official government source.
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"Internal audit function"
Official statutory text
Sec. 3.2. As used in this chapter, "internal audit function" means a process that provides independent, objective, and reasonable assurance that is designed to:
(1) add value to and improve a domestic insurer's or group of insurers' operations; and
(2) accomplish the domestic insurer's or group of insurers' objectives;
through introduction of a systematic, disciplined approach to the evaluation and improvement of the effectiveness of risk management, control, and governance processes.
As added by P.L.146-2015, SEC.6.
(1) add value to and improve a domestic insurer's or group of insurers' operations; and
(2) accomplish the domestic insurer's or group of insurers' objectives;
through introduction of a systematic, disciplined approach to the evaluation and improvement of the effectiveness of risk management, control, and governance processes.
As added by P.L.146-2015, SEC.6.
Status: in_force · Read it on the official government site
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