Alabama Administrative Code
Title 482 - ALABAMA DEPARTMENT OF INSURANCE
Chapter 482-1-141 - ANNUAL FINANCIAL REPORTING
Section 482-1-141-.16 - Conduct Of Insurer In Connection With The Preparation Of Required Reports And Documents
Current through Register Vol. 43, No. 02, November 27, 2024
(1) No director or officer of an insurer shall, directly or indirectly:
(2) No officer or director of an insurer, or any other person acting under the direction thereof, shall directly or indirectly take any action to coerce, manipulate, mislead or fraudulently influence any accountant engaged in the performance of an audit pursuant to this chapter if that person knew or should have known that the action, if successful, could result in rendering the insurer's financial statements materially misleading.
(3) For purposes of paragraph (2), actions that, "if successful, could result in rendering the insurer's financial statements materially misleading" include, but are not limited to, actions taken at any time with respect to the professional engagement period to coerce, manipulate, mislead or fraudulently influence an accountant to do any of the following:
A new Rule .15 was added and the previous Rule .15 was renumbered to .16 per certification filed June 14, 2018; effective January 1, 2019.
Author: Commissioner of Insurance
Statutory Authority: Code of Ala. 1975, §§ 27-2-17, 27-3-26, 27-7-43.