Oklahoma § 36-311A.11 - Reporting unremediated material weaknesses of internal
Full text of Oklahoma Oklahoma Statutes § 36-311A.11 — Reporting unremediated material weaknesses of internal, with citation guidance and answers to common questions.
§ 36-311A.11. Reporting unremediated material weaknesses of internal
controls - Description of remedial actions.
A. In addition to the annual audited financial report, each
insurer shall furnish the Insurance Commissioner with a written
communication as to any unremediated material weaknesses in its
internal controls over financial reporting noted during the audit.
Such communication shall be prepared by the accountant within sixty
(60) 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 31
immediately preceding, so as to coincide with the audited financial
Oklahoma Statutes - Title 36. Insurance
report discussed in subsection A of Section 311A.2 of this title in
the internal control over financial reporting of the insurer noted
by the accountant during the course of their audit of the financial
statements. If no unremediated material weaknesses were noted, the
communication should so state.
B. 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 communication of
the accountant.
Added by Laws 2009, c. 176, § 13, eff. Nov. 1, 2009. Amended by
Laws 2019, c. 28, § 5, eff. Nov. 1, 2019.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 36-311A.11
What does Oklahoma Statutes § 36-311A.11 cover?
Section 36-311A.11 ("Reporting unremediated material weaknesses of internal") is part of the Oklahoma Statutes, the codified statutory law of Oklahoma. 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 Oklahoma § 36-311A.11?
A common citation format is "Oklahoma Statutes § 36-311A.11" (Oklahoma). 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 Oklahoma law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Oklahoma official source linked on this page or consult a licensed Oklahoma attorney.
How does Oklahoma § 36-311A.11 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Oklahoma 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 Oklahoma.