379.1403. Audited financial report required, requirements. - Missouri Statutes

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Statutes > Missouri > T24 > C379 > 379_1403

Audited financial report required, requirements.

379.1403. 1. No later than five months after the fiscal year end ofthe SPLRC, the SPLRC shall file with the director an audited financialreport by an independent certified public accountant of the financialstatements of the SPLRC and any trust accounts established for the benefitof the ceding company to secure reserve credits for the ceding company.

2. The SPLRC shall file by March first of each year financialinformation using statutory accounting principles with useful or necessarymodifications or adaptations required or approved by the director, assupplemented by additional information as required by the director.Financial information must include:

(1) Income statement;

(2) Balance sheet, and if required;

(3) A detailed listing of invested assets.

The filing may also include RBC calculations and other adjusted capitalcalculations to assist the director. The statements must be prepared onforms required by the director. In addition, the director may require thefiling of performance assessments of the SPLRC contract.

(L. 2007 S.B. 215)

State Codes and Statutes

Statutes > Missouri > T24 > C379 > 379_1403

Audited financial report required, requirements.

379.1403. 1. No later than five months after the fiscal year end ofthe SPLRC, the SPLRC shall file with the director an audited financialreport by an independent certified public accountant of the financialstatements of the SPLRC and any trust accounts established for the benefitof the ceding company to secure reserve credits for the ceding company.

2. The SPLRC shall file by March first of each year financialinformation using statutory accounting principles with useful or necessarymodifications or adaptations required or approved by the director, assupplemented by additional information as required by the director.Financial information must include:

(1) Income statement;

(2) Balance sheet, and if required;

(3) A detailed listing of invested assets.

The filing may also include RBC calculations and other adjusted capitalcalculations to assist the director. The statements must be prepared onforms required by the director. In addition, the director may require thefiling of performance assessments of the SPLRC contract.

(L. 2007 S.B. 215)

State Codes and Statutes

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State Codes and Statutes

Statutes > Missouri > T24 > C379 > 379_1403

Audited financial report required, requirements.

379.1403. 1. No later than five months after the fiscal year end ofthe SPLRC, the SPLRC shall file with the director an audited financialreport by an independent certified public accountant of the financialstatements of the SPLRC and any trust accounts established for the benefitof the ceding company to secure reserve credits for the ceding company.

2. The SPLRC shall file by March first of each year financialinformation using statutory accounting principles with useful or necessarymodifications or adaptations required or approved by the director, assupplemented by additional information as required by the director.Financial information must include:

(1) Income statement;

(2) Balance sheet, and if required;

(3) A detailed listing of invested assets.

The filing may also include RBC calculations and other adjusted capitalcalculations to assist the director. The statements must be prepared onforms required by the director. In addition, the director may require thefiling of performance assessments of the SPLRC contract.

(L. 2007 S.B. 215)