{"data":{"id":"us-in/ic-27-1-3.5-3.2","jurisdiction":"us-in","citation":"IC 27-1-3.5-3.2","heading":"\"Internal audit function\"","body":"Sec. 3.2. As used in this chapter, \"internal audit function\" means a process that provides independent, objective, and reasonable assurance that is designed to:\n(1) add value to and improve a domestic insurer's or group of insurers' operations; and\n(2) accomplish the domestic insurer's or group of insurers' objectives;\nthrough introduction of a systematic, disciplined approach to the evaluation and improvement of the effectiveness of risk management, control, and governance processes.","path":["TITLE 27. INSURANCE","ARTICLE 1. DEPARTMENT OF INSURANCE","Chapter 3.5. Annual Audited Financial Reports"],"source_url":"https://iga.in.gov/ic/2026/Title_27.html#27-1-3.5-3.2","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-25T05:39:04Z","sha256":"9eff2c090d20dbf6f71823aafbf1db77c10fcbe4d412b28977c9e4162f3c35a6","source_id":"us-in","stale":false,"prev":"us-in/ic-27-1-3.5-3.1","next":"us-in/ic-27-1-3.5-3.3"},"notice":"GroundRules: Original legal text. Not legal advice."}