1. A. In the case of Canadian and British insurers, the annual audited financial report shall be defined as the annual statement of total business on the form filed by such companies with their supervision authority duly audited by an independent chartered accountant.
2. B. For such insurers, the letter required in Regulation .05B of this chapter shall state that the accountant is aware of the requirements relating to the annual audited financial report filed with the Commissioner pursuant to Regulation .03 of this chapter, and shall affirm that the opinion expressed is in conformity with those requirements.

Authority: Insurance Article, §§2-109(a)(1), 2-205, 4-116, 14-118, 14-121, 14-413, 15-605, 24-211, and 24-304, Annotated Code of Maryland

Effective date: August 10, 2009 (36:16 Md. R. 1252)

Regulation .02B amended effective February 27, 2017 (44:4 Md. R. 255)

Chapter revised effective December 6, 2018 (45:24 Md. R. 1163)