§ 31-405. Audit committee.

Current through October 23, 2012

Every controlled insurer shall have an audit committee of the board of directors composed of independent directors. The audit committee shall annually meet with management, the insurer's independent certified public accountants, and an independent casualty actuary, or other independent loss reserve specialist acceptable to the Mayor, to review the adequacy of the insurer's loss reserves.

                
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(Oct. 21, 1993, D.C. Law 10-52, § 6, 40 DCR 6129.)

HISTORICAL AND STATUTORY NOTES

Prior Codifications

1981 Ed., § 35-4005.

Legislative History of Laws

For legislative history of D.C. Law 10-52, see Historical and Statutory Notes following § 31-401.