The annual audited financial report shall include the following:

1. A. report of independent certified public accountant;
2. B. balance sheet reporting admitted assets, liabilities, capital and surplus;
3. C. statement of operations;
4. D. statement of cash flows;
5. E. statement of changes in capital and surplus;

6. F. notes to financial statements, including:

   1. (1) those required by the appropriate NAIC annual statement instructions and the NAIC accounting practices and procedures manual;
   2. (2) a reconciliation of differences, if any, between the annual audited financial report filed pursuant to this rule and the annual statement filed pursuant to Section 59A-5-29 NMSA 1978, with a written description of the nature of these differences;
   3. (3) a summary of ownership and relationships of the insurer and all affiliated companies; and
   4. (4) any other notes required by generally accepted accounting principles; and

7. G. accountant’s letter of qualifications, as described in 13.2.5.13 NMAC.

   [1/1/94; 13.2.5.12 NMAC - Rn, 13 NMAC 2.5.12 & A, 1/1/2010; A, 10/01/2020]