Section 26-A3704. NOTIFICATION OF ADVERSE FINANCIAL CONDITION

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A captive insurance company shall require the certified public accountant to immediately notify in writing the chief executive officer and all members of the Board of Directors of the company of any determination by the independent certified public accountant that the company has materially misstated its financial condition in its report to the Commissioner. The company shall furnish such notification to the Commissioner within five working days of receipt thereof.

source

Final Rulemaking published at 48 DCR 8034(August 24, 2001).

                    
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