New Requirements For Audit Committees Of Texas Insurers

Law360, New York (April 5, 2012, 3:41 PM EDT) -- In 2010, the Texas Department of Insurance adopted a regulation concerning the independent audits of financial statements of insurers and health maintenance organizations (referred to herein collectively as "insurers"). While the regulation was passed over a year ago, it had a phase-in transition period and is now starting to impact Texas domestic insurers and their corporate governance structure....

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