New Hampshire Code of Administrative Rules
Lab - Commissioner, Department of Labor
Chapter Lab 400 - WORKERS' COMPENSATION SELF-INSURANCE
Part Lab 408 - REGULATION OF THIRD PARTY ADMINISTRATORS
Section Lab 408.05 - Audited Financial Statement

Universal Citation: NH Admin Rules Lab 408.05

Current through Register No. 12, March 21, 2024

(a) Each applicant for a certificate of authority or renewal of a certificate of authority shall provide the applicant's current audited financial statement. An audited financial statement, for the purposes of this rule, shall consist of a financial statement that is prepared in a manner consistent with generally accepted accounting principles (GAAP), and shall be accompanied by an opinion by an independent accounting firm.

(b) The audited financial statement shall reflect a positive net worth in order to be acceptable as proof of the applicant's financial responsibility.

#7142, eff 11-24-99, EXPIRED: 11-24-07

New. #9878-A eff 2-25-11

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