Code of Maryland Regulations (Last Updated: April 6, 2021) |
Title 31. Maryland Insurance Administration |
Subtitle 05. ASSETS, LIABILITIES, RESERVES, AND INVESTMENTS OF INSURERS |
Chapter 31.05.11. Annual Financial Reporting |
Sec. 31.05.11.18. Canadian and British Companies
Latest version.
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A. In the case of Canadian and British insurers, the annual audited financial report shall be defined as the annual statement of total business on the form filed by such companies with their supervision authority duly audited by an independent chartered accountant.
B. For such insurers, the letter required in Regulation .05B of this chapter shall state that the accountant is aware of the requirements relating to the annual audited financial report filed with the Commissioner pursuant to Regulation .03 of this chapter, and shall affirm that the opinion expressed is in conformity with those requirements.