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.
CREDIT(S)
(Oct. 21, 1993, D.C. Law 10-52, § 6, 40 DCR 6129.)
HISTORICAL AND STATUTORY NOTES
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.