Md. Code, Insurance § 24-213
This is the official text of Md. Code, Insurance § 24-213, part of Maryland’s Code, Insurance — regulates insurance companies and the policies they sell.
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§24–213.
Official statutory text
(a) The Legislative Auditor shall conduct a fiscal and compliance audit of the accounts and transactions of the Society for each year in which the Society receives a disbursement from the Rate Stabilization Account under § 19–805 of this article.
(b) Within one year of the date of an audit report required under subsection (a) of this section, the Legislative Auditor shall conduct a follow–up audit to determine the status of any audit recommendations.
(c) The Society shall pay the cost of each audit.
(b) Within one year of the date of an audit report required under subsection (a) of this section, the Legislative Auditor shall conduct a follow–up audit to determine the status of any audit recommendations.
(c) The Society shall pay the cost of each audit.
Status: in_force · Read it on the official government site
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