Code of Massachusetts Regulations
211 CMR - DIVISION OF INSURANCE
Title 211 CMR 26.00 - Annual Financial Reporting For Years Ending 2010 And After
Section 26.02 - Purpose

Universal Citation: 211 MA Code of Regs 211.26

Current through Register 1531, September 27, 2024

The purpose of 211 CMR 26.00 is to enhance the Division's surveillance of the financial condition of insurers by requiring:

(a) an annual audit of financial statements reporting the financial position and the results of operations of insurers by independent certified public accountants (CPA);

(b) Communication of Internal Control Related Matters Noted in an Audit; and

(c) Management's Report of Internal Control over Financial Reporting. 211 CMR 26.00 will assure that CPA audits are conducted which will enhance the protection of Massachusetts policyholders.

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