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Rule Title: FINANCIAL STATEMENTS
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Department: STATE AUDITOR
Chapter: INSURANCE DEPARTMENT
Subchapter: Formation and Regulation of Captive Insurance Companies
 
Latest version of the adopted rule presented in Administrative Rules of Montana (ARM):

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6.6.6815    FINANCIAL STATEMENTS

(1) The financial statements which must be filed annually with the commissioner must include the following:

(a) balance sheet;

(b) statement of gain or loss from operations;

(c) statement of changes in financial position;

(d) statement of changes in capital paid up, gross paid in and contributed surplus and unassigned funds (surplus); and

(e) notes to the financial statements.

(2) The notes to the financial statement shall be those required by generally accepted accounting principles, and shall include:

(a) a reconciliation of differences, if any, between the audited financial report and the statement or form filed with the commissioner; and

(b) a summary of ownership and relationship of the company and all affiliated corporations or companies insured by the captive.

History: 33-28-206, MCA; IMP, 33-28-107, MCA; NEW, 2002 MAR p. 171, Eff. 2/1/02; AMD, 2005 MAR p. 2448, Eff. 12/9/05; AMD, 2011 MAR p. 2516, Eff. 11/26/11.


 

 
MAR Notices Effective From Effective To History Notes
6-196 11/26/2011 Current History: 33-28-206, MCA; IMP, 33-28-107, MCA; NEW, 2002 MAR p. 171, Eff. 2/1/02; AMD, 2005 MAR p. 2448, Eff. 12/9/05; AMD, 2011 MAR p. 2516, Eff. 11/26/11.
12/9/2005 11/26/2011 History: 33-28-206, MCA; IMP, 33-28-107, MCA; NEW, 2002 MAR p. 171, Eff. 2/1/02; AMD, 2005 MAR p. 2448, Eff. 12/9/05.
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