SECTION 365:25-15-16. Consolidated or combined audits

  A company may make written application to the Commissioner for approval to submit a consolidated annual audit in lieu of separate annual audits if the company is part of a group of entities that consolidates its annual audit. In such cases, a consolidating or combining worksheet shall be prepared with the annual audit as follows:

(1)   Amounts for each company subject to this section shall be stated separately.

(2)   Non-insurance operations may be shown on the worksheet on a combined or individual basis.

(3)   Explanations of consolidating and eliminating entries shall be included.

(4)   A reconciliation shall be included of any differences between the amounts shown in the individual company columns of the worksheet and comparable amounts shown on the annual reports of such companies.

[Source: Added at 32 Ok Reg 1953, eff 9-15-15]