Oklahoma § 36-311A.4 - Annual audit - Extensions
Full text of Oklahoma Oklahoma Statutes § 36-311A.4 — Annual audit - Extensions, with citation guidance and answers to common questions.
§ 36-311A.4. Annual audit - Extensions
A. All insurers shall have an annual audit by an independent
certified public accountant and shall file an audited financial
report with the Insurance Commissioner on or before June 1 for the
year ended December 31 immediately preceding. The Commissioner may
require an insurer to file an audited financial report earlier than
June 1 with ninety (90) days advance notice to the insurer.
B. Extensions of the June 1 filing date may be granted by the
Commissioner for thirty-day periods upon a showing by the insurer
and its independent certified public accountant of the reasons for
requesting an extension and determination by the Commissioner of
good cause for an extension. The request for extension must be
submitted in writing not less than ten (10) days prior to the due
date in sufficient detail to permit the Commissioner to make an
informed decision with respect to the requested extension.
Oklahoma Statutes - Title 36. Insurance
C. If an extension is granted in accordance with the provisions
in subsection B of this section, a similar extension of thirty (30)
days is granted to the filing of Management’s Report of Internal
Control over Financial Reporting.
D. Every insurer required to file an annual audited financial
report pursuant to the Oklahoma Annual Financial Report Act shall
designate a group of individuals as constituting its audit
committee. The audit committee of an entity that controls an
insurer may be deemed to be the audit committee of the insurer for
purposes of the Oklahoma Annual Financial Report Act at the election
of the controlling person.
Added by Laws 2009, c. 176, § 6, eff. Nov. 1, 2009.
Frequently Asked Questions About Oklahoma § 36-311A.4
What does Oklahoma Statutes § 36-311A.4 cover?
Section 36-311A.4 ("Annual audit - Extensions") 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.4?
A common citation format is "Oklahoma Statutes § 36-311A.4" (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.4 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.