Okla. Stat. tit. 36, § 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

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.