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§ 15-1222. Reporting and audit requirements

West's Annotated Code of MarylandInsurance

West's Annotated Code of Maryland
Insurance (Refs & Annos)
Title 15. Health Insurance
Subtitle 12. Maryland Health Insurance Reform Act (Refs & Annos)
MD Code, Insurance, § 15-1222
§ 15-1222. Reporting and audit requirements
Report filed with Commissioner
(a)(1) The Board shall report to the Commissioner on or before June 1 of each year.
(2) At a minimum, the report shall include:
(i) a description of the operations of the Pool for the preceding calendar year;
(ii) an audited statement of the financial condition of the Pool as of the preceding December 31; and
(iii) an audited detailed statement of the revenues received and expenditures of the Pool made during the preceding calendar year.
Audits by independent auditor
(b) The operations of the Board are subject to an annual audit by an independent auditor, and the audit report and working papers are subject to review by the Legislative Auditor.

Credits

Added by Acts 1997, c. 35, § 2, eff. Oct. 1, 1997.
Formerly Art. 48A, § 711.
MD Code, Insurance, § 15-1222, MD INSURANCE § 15-1222
Current through all legislation from the 2022 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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