N.J. Admin. Code § 11:28-1.10

Current through Register Vol. 57, No. 1, January 6, 2025

Section 11:28-1.10 - Notification of adverse financial condition

A licensed captive shall require the independent certified public accountant to immediately notify in writing an officer and all members of the board of directors of the captive of any determination by the independent certified public accountant that the captive has materially misstated its financial condition in its report to the Commissioner. The captive shall furnish such notification to the Commissioner within five working days of receipt thereof.