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Virginia Administrative Code (Last Updated: January 10, 2017) |
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Title 14. Insurance |
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Agency 5. State Corporation Commission, Bureau of Insurance |
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Chapter 270. Rules Governing Annual Financial Reporting |
Section 170. Canadian and British companies
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A. For Canadian and British insurers, the annual Audited Financial Report shall be defined as the annual statement of total business on the form filed by the companies with their domiciliary regulatory authority duly audited by an independent chartered accountant.
B. For Canadian and British insurers, the letter from the accountant required in 14VAC5-270-70 shall state that the accountant is aware of the requirements relating to the annual Audited Financial Report filed with the commission pursuant to this section and 14VAC5-270-50 and shall affirm that the opinion expressed is in conformity with the requirements.
Historical Notes
Derived from Regulation 39, Case No. INS910072, § 18, eff. September 1, 1991; amended, Volume 24, Issue 12, eff. January 1, 2010.