There is a newer version
of
this Section
2019 District of Columbia Code
Title 31 - Insurance and Securities.
Chapter 4 - Business Transacted with Producer Controlled Insurer.
§ 31–405. Audit committee.
Universal Citation: DC Code § 31–405 (2019)
Every controlled insurer shall have an audit committee of the board of directors composed of independent directors. The audit committee shall annually meet with management, the insurer’s independent certified public accountants, and an independent casualty actuary, or other independent loss reserve specialist acceptable to the Mayor, to review the adequacy of the insurer’s loss reserves.
(Oct. 21, 1993, D.C. Law 10-52, § 6, 40 DCR 6129.)
Prior Codifications1981 Ed., § 35-4005.
Section ReferencesThis section is referenced in § 31-403.
Disclaimer: These codes may not be the most recent version. District of Columbia may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
