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The DC Code: § 31-405 Audit committee.

Index31 Insurance and Securities. (Refs & Annos)

Every controlled insurer shall have an audit committee of the board of directors composed of independent directors. The audit committee shall annually meet with management, the insurer's independent certified public accountants, and an independent casualty actuary, or other independent loss reserve specialist acceptable to the Mayor, to review the adequacy of the insurer's loss reserves.

Historical and Statutory

Prior Codifications 1981 Ed., § 35-4005. Legislative History of Laws For legislative history of D.C. Law 10-52, see Historical and Statutory Notes following § 31-401. DC CODE § 31-405 Current through December 11, 2012

Credits

(Oct. 21, 1993, D.C. Law 10-52, § 6, 40 DCR 6129.)