Okla. Stat. tit. 36, § 36-311A.11
This is the official text of Okla. Stat. tit. 36, § 36-311A.11, part of Oklahoma’s Stat. tit. 36, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 36,." Browse the sections below, each linked to its official government source.
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Reporting unremediated material weaknesses of internal
Official statutory text
controls - Description of remedial actions.
A. In addition to the annual audited financial report, each
insurer shall furnish the Insurance Commissioner with a written
communication as to any unremediated material weaknesses in its
internal controls over financial reporting noted during the audit.
Such communication shall be prepared by the accountant within sixty
(60) days after the filing of the annual audited financial report,
and shall contain a description of any unremediated material
weakness, as the term material weakness is defined by Statement on
Auditing Standard 60, Communication of Internal Control Related
Matters Noted in an Audit, or its replacement, as of December 31
immediately preceding, so as to coincide with the audited financial
Oklahoma Statutes - Title 36. Insurance Page 89
report discussed in subsection A of Section 311A.2 of this title in
the internal control over financial reporting of the insurer noted
by the accountant during the course of their audit of the financial
statements. If no unremediated material weaknesses were noted, the
communication should so state.
B. The insurer is required to provide a description of remedial
actions taken or proposed to correct unremediated material
weaknesses if the actions are not described in the communication of
the accountant.
A. In addition to the annual audited financial report, each
insurer shall furnish the Insurance Commissioner with a written
communication as to any unremediated material weaknesses in its
internal controls over financial reporting noted during the audit.
Such communication shall be prepared by the accountant within sixty
(60) days after the filing of the annual audited financial report,
and shall contain a description of any unremediated material
weakness, as the term material weakness is defined by Statement on
Auditing Standard 60, Communication of Internal Control Related
Matters Noted in an Audit, or its replacement, as of December 31
immediately preceding, so as to coincide with the audited financial
Oklahoma Statutes - Title 36. Insurance Page 89
report discussed in subsection A of Section 311A.2 of this title in
the internal control over financial reporting of the insurer noted
by the accountant during the course of their audit of the financial
statements. If no unremediated material weaknesses were noted, the
communication should so state.
B. The insurer is required to provide a description of remedial
actions taken or proposed to correct unremediated material
weaknesses if the actions are not described in the communication of
the accountant.
Status: in_force · Read it on the official government site
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