Haw. Code R. § 16-185-103 - General requirements related to filing and extensions for filing of annual audited financial report and audit committee appointment
(a) All insurers required by this chapter to
file an annual audit by an independent certified public accountant shall file
an audited financial report with the commissioner on or before June 1 for the
year ended December 31 immediately preceding The commissioner may require an
insurer to file an audited financial report earlier than June 1, with ninety
days advance notice to the insurer.
(b) Extensions of the June 1 filing date may
be granted by the commissioner for thirty-day periods upon a showing by the
insurer and its independent certified public accountant of the reasons for
requesting an extension and determination by the commissioner of good cause for
an extension. The request for extension shall be submitted in writing not less
than ten days prior to the due date and in sufficient detail to permit the
commissioner to make an informed decision with respect to the requested
extension.
(c) If an extension is
granted in accordance with the provisions in subsection (b), a similar
extension of thirty days is granted to the filing of management's report of
internal control over financial reporting.
(d) Every insurer required to file an annual
audited financial report shall designate a group of individuals as constituting
its audit committee, as defined in section 16-185-102, Hawaii Administrative
Rules.
Notes
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