Last Update: 10/30/15

Chapter 284-07 WAC

REQUIREMENTS AS TO COMPANY REPORTS AND ANNUAL STATEMENTS

WAC Sections

ANNUAL LIABILITY—INSURANCE REPORT
Special liability insurance report required annually.
ANNUAL AND OTHER STATEMENTS
Financial statement instructions.
Statement of actuarial opinion.
Statements to be filed in electronic form.
AUDITED FINANCIAL STATEMENTS
Purpose and scope.
Definitions.
General requirements related to filing and extensions for filing of annual audited financial reports and audit committee appointment.
Contents of annual audited financial report.
Designation of independent certified public accountant.
Qualifications of independent certified public accountant.
Consolidated or combined audits.
Scope of audit and report of independent certified public accountant.
Notification of adverse financial condition.
Communication of internal control related matters noted in an audit.
Accountant's letter of qualifications.
Definition, availability, and maintenance of independent certified public accountants workpapers.
Requirements for audit committees.
Conduct of insurers in connection with the preparation of required reports and documents.
Management's report of internal control over financial reporting.
Exemptions and effective dates.
Canadian and British companies.
Severability provision.
ACTUARIAL OPINION AND MEMORANDUM REGULATION
Purpose.
Authority.
Scope.
Definitions.
General requirements.
Statement of actuarial opinion based on an asset adequacy analysis.
Description of actuarial memorandum including an asset adequacy analysis and regulatory asset adequacy issues summary.
Additional considerations for analysis.
PERMITTED ACCOUNTING PRACTICES
Definitions.
Prior approval required for a domestic insurer to use permitted accounting practice.
Information to be included in a permitted accounting practice request.
Expiration of a permitted accounting practice.
Issuer segregation of premium accounting plan.
BIOGRAPHICAL AFFIDAVITS
Definitions.
Filing requirements for foreign and alien insurers.
Filing requirements for domestic insurers.
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