N.M. Admin. Code § 13.2.5.28

Current through Register Vol. 35, No. 24, December 23, 2024

Section 13.2.5.28 - CANADIAN AND BRITISH COMPANIES

A. As regards Canadian and British insurer's, the annual audited financial report shall be defined as the annual statement of total business on the form filed by such companies with their domiciliary supervisory authority, duly audited by an independent chartered accountant.

B. For such insurer's, the letter of compliance required by 13.2.5.13 NMAC shall state that the accountant is aware of the requirements relating to the annual audited statement filed with the superintendent pursuant to this rule and shall affirm that the opinion expressed is in conformity with such requirements.

C. For purposes of compliance with this rule, a Canadian insurer may submit to OSI accountant's reports as filed with the Canadian office of superintendent of financial institutions.

N.M. Admin. Code § 13.2.5.28

13.2.5.28 NMAC - Rn, 13.2.5.27 NMAC, 11/15/2012, Amended by New Mexico Register, Volume XXXI, Issue 18, September 29, 2020, eff. 10/1/2020