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Maryland Code, Insurance § 24-213

Current as of January 01, 2025 | Updated by Findlaw Staff

(a) The Legislative Auditor shall conduct a fiscal and compliance audit of the accounts and transactions of the Society for each year in which the Society receives a disbursement from the Rate Stabilization Account under § 19-805 of this article.

(b) Within one year of the date of an audit report required under subsection (a) of this section, the Legislative Auditor shall conduct a follow-up audit to determine the status of any audit recommendations.

(c) The Society shall pay the cost of each audit.

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Cite this article: FindLaw.com - Maryland Code, Insurance § 24-213 - last updated January 01, 2025 | https://codes.findlaw.com/md/insurance/md-code-insurance-sect-24-213/

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