Okla. Stat. tit. 36, § 36-311A.6

or accounting firm retained to conduct the annual audit - Accountant

letter - Notification of dismissal or resignation.

A. Each insurer required by the Oklahoma Annual Financial

Report Act to file an annual audited financial report must, within

sixty (60) days after becoming subject to the requirement, register

with the Insurance Commissioner in writing the name and address of

the independent certified public accountant or accounting firm

retained to conduct the annual audit set forth in the Oklahoma

Annual Financial Report Act. Insurers not retaining an independent

certified public accountant on the effective date of the Oklahoma

Annual Financial Report Act shall register the name and address of

their retained independent certified public accountant not less than

six (6) months before the date when the first audited financial

report is to be filed.

B. The insurer shall obtain a letter from the accountant, and

file a copy with the Commissioner stating that the accountant is

aware of the provisions of the insurance code and the regulations of

the insurance department of the state of domicile that relate to

accounting and financial matters and affirming that the accountant

will express the opinion of the accountant on the financial

statements in terms of their conformity to the statutory accounting

practices prescribed or otherwise permitted by that insurance

department, specifying such exceptions as the accountant may believe

appropriate.

C. If an accountant who was the accountant for the immediately

preceding filed audited financial report is dismissed or resigns,

the insurer shall within five (5) business days notify the

Commissioner of this event. The insurer shall also furnish the

Commissioner with a separate letter within ten (10) business days of

the above notification stating whether in the twenty-four (24)

months preceding such event there were any disagreements with the

former accountant on any matter of accounting principles or

practices, financial statement disclosure, or auditing scope or

procedure, which disagreements, if not resolved to the satisfaction

of the former accountant, would have caused the former accountant to

make reference to the subject matter of the disagreement in

connection with the opinion of the former accountant. The

disagreements required to be reported in response to this section

include both those resolved to the satisfaction of the former

accountant and those not resolved to the satisfaction of the former

accountant. Disagreements contemplated by this section are those

that occur at the decision-making level, between personnel of the

insurer responsible for presentation of its financial statements and

personnel of the accounting firm responsible for rendering its

report. The insurer shall also in writing request the former

accountant to furnish a letter addressed to the insurer stating

Oklahoma Statutes - Title 36. Insurance Page 83

whether the accountant agrees with the statements contained in the

letter of the insurer and, if not, stating the reasons for which the

accountant does not agree. The insurer shall furnish the responsive

letter from the former accountant to the Commissioner together with

its own.