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Senate Bill 1591 |
Senate Author: Carona |
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Effective: 9-1-05 |
House Sponsor: Seaman |
Senate Bill 1591 amends the Insurance Code to extend a provision prohibiting the commissioner of insurance from accepting audited insurer financial reports prepared by certain auditors to apply such restrictions to firms and to include auditors who have entered into an agreement of indemnity or a release of liability regarding the audit. The bill allows the standards an auditor must use when examining such reports to include those adopted by the Public Company Accounting Oversight Board.