Texas Insurance Code - Section 401.019. Report On Significant Deficiencies In Internal Control
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§ 401.019. REPORT ON SIGNIFICANT DEFICIENCIES IN INTERNAL
CONTROL. (a) In addition to the audited financial report required
by this subchapter, each insurer or health maintenance organization
shall provide to the commissioner a written report of significant
deficiencies required and prepared by an accountant in accordance
with the Professional Standards of the American Institute of
Certified Public Accountants.
(b) The insurer or health maintenance organization shall
annually file with the commissioner the report required by this
section not later than the 60th day after the date the audited
financial report is filed. The insurer or health maintenance
organization shall also provide a description of remedial actions
taken or proposed to be taken to correct significant deficiencies,
if the actions are not described in the accountant's report.
(c) The report must follow generally the form for
communication of internal control structure matters noted in an
audit described in Statement on Auditing Standard (SAS) No. 60, AU
Section 325, Professional Standards of the American Institute of
Certified Public Accountants.
Added by Acts 2005, 79th Leg., ch. 727, § 1, eff. April 1, 2007.
Section: 401.012 401.013 401.014 401.015 401.016 401.017 401.018 401.019 401.020 401.021 401.051 401.052 401.053 401.054 401.055
Last modified: August 11, 2007
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