{"data":{"id":"us-ok/okla.-stat.-tit.-36-36-311a.10","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 36, § 36-311A.10","heading":"Reporting of determinations that insurer has","body":"materially misstated its financial condition - Liability -\n\nSubsequent awareness.\n\nA. The insurer required to furnish the annual audited financial\n\nreport shall require the independent certified public accountant to\n\nreport, in writing, within five (5) business days to the board of\n\ndirectors or its audit committee any determination by the\n\nindependent certified public accountant that the insurer has\n\nmaterially misstated its financial condition as reported to the\n\nInsurance Commissioner as of the balance sheet date currently under\n\naudit or that the insurer does not meet the minimum capital and\n\nsurplus requirement of the Oklahoma Insurance Code as of that date.\n\nAn insurer that has received a report pursuant to this subsection\n\nshall forward a copy of the report to the Commissioner within five\n\n(5) business days of receipt of the report and shall provide the\n\nindependent certified public accountant making the report with\n\nevidence of the report being furnished to the Commissioner. If the\n\nindependent certified public accountant fails to receive the\n\nevidence within the required five-business-day period, the\n\nindependent certified public accountant shall furnish to the\n\nCommissioner a copy of its report within the next five (5) business\n\ndays.\n\nB. No independent certified public accountant shall be liable\n\nin any manner to any person for any statement made in connection\n\nwith subsection A of this section if the statement is made in good\n\nfaith in compliance with that subsection.\n\nC. If the accountant, subsequent to the date of the audited\n\nfinancial report filed pursuant to the Oklahoma Annual Financial\n\nReport Act, becomes aware of facts that might have affected the\n\nreport of the accountant, the accountant shall comply with the\n\naction or actions prescribed in Volume 1, Section AU 561 of the\n\nProfessional Standards of the AICPA.","path":["OK Code","Title 36"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os36.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"d8732ada2d21793213f7b1d33ac3bcfd80dffc6e8f49abf5079c36044ecf2324","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-36-36-311a.1","next":"us-ok/okla.-stat.-tit.-36-36-311a.11"},"notice":"GroundRules: Original legal text. Not legal advice."}