Section 16-185-103 - General requirements related to filing and extensions for filing of annual audited financial report and audit committee appointment(a) All insurers required by this chapter to file an annual audit by an independent certified public accountant shall file an audited financial report with the commissioner on or before June 1 for the year ended December 31 immediately preceding The commissioner may require an insurer to file an audited financial report earlier than June 1, with ninety days advance notice to the insurer.(b) Extensions of the June 1 filing date may be granted by the commissioner for thirty-day periods upon a showing by the insurer and its independent certified public accountant of the reasons for requesting an extension and determination by the commissioner of good cause for an extension. The request for extension shall be submitted in writing not less than ten days prior to the due date and in sufficient detail to permit the commissioner to make an informed decision with respect to the requested extension.(c) If an extension is granted in accordance with the provisions in subsection (b), a similar extension of thirty days is granted to the filing of management's report of internal control over financial reporting.(d) Every insurer required to file an annual audited financial report shall designate a group of individuals as constituting its audit committee, as defined in section 16-185-102, Hawaii Administrative Rules.Haw. Code R. § 16-185-103
[Eff 2/04/10] (Auth: HRS § 431:2-201) (Imp: HRS §§ 431:2-201, 431:3-302.5)