{"data":{"id":"us-ok/okla.-stat.-tit.-36-36-311a.11","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 36, § 36-311A.11","heading":"Reporting unremediated material weaknesses of internal","body":"controls - Description of remedial actions.\n\nA. In addition to the annual audited financial report, each\n\ninsurer shall furnish the Insurance Commissioner with a written\n\ncommunication as to any unremediated material weaknesses in its\n\ninternal controls over financial reporting noted during the audit.\n\nSuch communication shall be prepared by the accountant within sixty\n\n(60) days after the filing of the annual audited financial report,\n\nand shall contain a description of any unremediated material\n\nweakness, as the term material weakness is defined by Statement on\n\nAuditing Standard 60, Communication of Internal Control Related\n\nMatters Noted in an Audit, or its replacement, as of December 31\n\nimmediately preceding, so as to coincide with the audited financial\n\nreport discussed in subsection A of Section 311A.2 of this title in\n\nthe internal control over financial reporting of the insurer noted\n\nby the accountant during the course of their audit of the financial\n\nstatements. If no unremediated material weaknesses were noted, the\n\ncommunication should so state.\n\nB. The insurer is required to provide a description of remedial\n\nactions taken or proposed to correct unremediated material\n\nweaknesses if the actions are not described in the communication of\n\nthe accountant.","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":"1c34dd8ee527a3c2d532f62e459a12326613e0f96dfa27a01d4c3154a70bf0b4","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-36-36-311a.10","next":"us-ok/okla.-stat.-tit.-36-36-311a.12"},"notice":"GroundRules: Original legal text. Not legal advice."}