Missouri § 375.1047 - Unremediated material weaknesses to be furnished to director, requirements — insurer to communicate remedial actions taken.
Full text of Missouri Revised Statutes of Missouri § 375.1047 — Unremediated material weaknesses to be furnished to director, requirements — insurer to communicate remedial actions taken., with citation guidance and answers to common questions.
§ 375.1047. Unremediated material weaknesses to be furnished to director, requirements — insurer to communicate remedial actions taken.
1. In addition to the annual audited financial report, each insurer shall furnish the director with a written communication as to any unremediated material weaknesses in its internal control over financial reporting noted during the audit. Such communication shall be prepared by the accountant within sixty days after the filing of the annual audited financial report and shall contain a description of any unremediated material weakness, as the term material weakness is defined by Statement on Auditing Standard 60, Communication of Internal Control Related Matters Noted in an Audit, or its replacement, as of December thirty-first immediately preceding in the insurer's internal control over financial reporting noted by the accountant during the course of their audit of the financial statements. If no unremediated material weaknesses were noted, the communication shall so state.
2. The insurer is required to provide a description of remedial actions taken or proposed to correct unremediated material weaknesses, if the actions are not described in the accountant's communication.
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(L. 1991 H.B. 385, et al. § 11, A.L. 2009 H.B. 577)
---- end of effective 28 Aug 2009 ----
Source: official Missouri text · Last verified 2026-08-27
Frequently Asked Questions About Missouri § 375.1047
What does Revised Statutes of Missouri § 375.1047 cover?
Section 375.1047 ("Unremediated material weaknesses to be furnished to director, requirements — insurer to communicate remedial actions taken.") is part of the Revised Statutes of Missouri, the codified statutory law of Missouri. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Missouri § 375.1047?
A common citation format is "Revised Statutes of Missouri § 375.1047" (Missouri). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Missouri law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Missouri official source linked on this page or consult a licensed Missouri attorney.
How does Missouri § 375.1047 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Missouri can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Missouri.