New Hampshire Code of Administrative Rules
Ins - Commissioner, Insurance Department
Chapter Ins 4500 - ANNUAL FINANCIAL REPORTING
Part Ins 4501 - Annual Financial Reporting
Section Ins 4501.04 - Contents of Annual Audited Financial Report
Universal Citation: NH Admin Rules Ins 4501.04
Current through Register No. 40, October 3, 2024
(a) The annual audited financial report shall report the financial position of the insurer as of the end of the most recent calendar year and the results of its operations, cash flows and changes in capital and surplus for the year then ended in conformity with statutory accounting practices prescribed, or otherwise permitted, by the insurance department of the state of domicile.
(b) The annual audited financial report shall including the following:
(1) Report of
independent certified public accountant;
(2) Balance sheet reporting admitted assets,
liabilities, capital and surplus;
(3) Statement of operations;
(4) Statement of cash flows;
(5) Statements of changes in capital and
surplus;
(6) Notes to financial
statements. These notes shall be those required by the appropriate NAIC Annual
Statement Instructions and the NAIC Accounting Practices and Procedures Manual.
The notes shall include a reconciliation of differences, if any, between the
audited statutory financial statements and the annual statement filed pursuant
to
RSA
400-A:36 with a written description of the
nature of these differences; and
(7) The financial statements included in the
audited financial report shall be prepared in a form and using language and
groupings substantially the same as the relevant sections of the annual
statement of the insurer filed with the commissioner, and the financial
statement shall be comparative, presenting the amounts as of December 31 of the
current year and the amounts as of the immediately preceding December 31.
However, in the first year in which an insurer is required to file an audited
financial report, the comparative data may be omitted.
#9246, eff 1-1-09
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