N.M. Admin. Code § 13.2.5.9 - FILING DATES AND EXTENSIONS
A.
An insurerer shall have an annual audit by an independent certified public
accountant and shall file an annual audited financial report and management's
report of internal control over financial reporting with the superintendent on
or before June 1 for the year ended December 31 immediately preceding. The
superintendent may require an insurer to file an audited financial report and
management's report of internal control over financial reporting earlier than
June 1 with ninety days advance notice to the insurer.
B. The superintendent may grant extensions of
the June 1 filing date for 30-day periods for good cause shown. The request for
extension shall be submitted in writing not less than 10 days prior to the
filing date. The insurer and its independent certified public accountant shall
show the reasons for requesting such extension in sufficient detail to permit
the superintendent to make an informed decision with respect to the requested
extension.
C. An insurer required
to file an annual audited financial report pursuant to this rule shall
designate a group of individual's as constituting its audit committee, as
defined in
13.2.5.7 NMAC. The audit committee
of an entity that controls an insurer may be deemed to be the insurer's audit
committee for purposes of this rule at the election of the controlling person
consistent with
13.2.5.16 NMAC.
Notes
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