Home Table of Contents

§ 24-213. Audits

West's Annotated Code of MarylandInsuranceEffective: April 8, 2014

West's Annotated Code of Maryland
Insurance (Refs & Annos)
Title 24. State Created Mutual Societies and Other Entities (Refs & Annos)
Subtitle 2. Medical Mutual Liability Insurance Society of Maryland (Refs & Annos)
Effective: April 8, 2014
MD Code, Insurance, § 24-213
§ 24-213. Audits
In general
(a) The Legislative Auditor shall conduct a fiscal and compliance audit of the accounts and transactions of the Society for each year in which the Society receives a disbursement from the Rate Stabilization Account under § 19-805 of this article.
Follow-up audits
(b) Within one year of the date of an audit report required under subsection (a) of this section, the Legislative Auditor shall conduct a follow-up audit to determine the status of any audit recommendations.
Cost of audits
(c) The Society shall pay the cost of each audit.

Credits

Added by Acts 2004, 1st Sp. Sess., c. 5, § 1, eff. Jan. 11, 2005. Amended by Acts 2005, c. 24, § 1, eff. April 12, 2005; Acts 2008, c. 589, § 1, eff. July 1, 2008; Acts 2014, c. 45, § 1, eff. April 8, 2014.
MD Code, Insurance, § 24-213, MD INSURANCE § 24-213
Current through all legislation from the 2022 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document