Nebraska Administrative Code
Topic - INSURANCE, DEPARTMENT OF
Title 210 - NEBRASKA DEPARTMENT OF INSURANCE
Chapter 56 - ANNUAL AUDITED FINANCIAL REPORTS
Section 210-56-008 - Consolidated or combined audits
Current through September 17, 2024
An Insurer may make written application to the Director for approval to file audited consolidated or combined financial statements in lieu of separate annual audited financial statements if the Insurer is part of a group of insurance companies which utilizes a pooling or one hundred percent reinsurance agreement that affects the solvency and integrity of the Insurer's reserves and such Insurer cedes all of its direct and assumed business to the pool. In such cases, a columnar consolidating or combining worksheet shall be filed with the report, as follows:
008.01 Amounts shown on the consolidated or combined Audited financial report shall be shown on the worksheet;
008.02 A mounts for each Insurer subject to this section shall be stated separately;
008.03 Noninsurance operations may be shown on the worksheet on a combined or individual basis;
008.04 Explanations of consolidating and eliminating entries shall be included; and
008.05 A reconciliation shall be included of any differences between the amounts shown in the individual Insurer columns of the worksheet and comparable amounts shown on the annual statements of the Insurers.
