Section R590-238-7 - Notification of Adverse Financial Condition(1) A company shall require an independent certified public accountant to immediately notify an officer and the board of directors, in writing, of any determination that the company has materially misstated its financial condition in its report to the commissioner.(2) The company shall notify the commissioner of the adverse financial condition within five business days.Utah Admin. Code R590-238-7
Amended by Utah State Bulletin Number 2015-20, effective 9/25/2015Adopted by Utah State Bulletin Number 2024-01, effective 12/22/2023Amended by Utah State Bulletin Number 2024-18, effective 9/10/2024