Md. Code Ann., Ins. § 24-213
Audits
Effective Apr 8, 2014Added 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.State of Maryland
- (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.
- (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.
- (c) The Society shall pay the cost of each audit.
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.