1. No later than five months after the fiscal year end of the SPLRC, the SPLRC shall
file with the director an audited financial report by an independent certified public
accountant of the financial statements of the SPLRC and any trust accounts established
for the benefit of the ceding company to secure reserve credits for the ceding company.
2. The SPLRC shall file by March first of each year financial information using statutory
accounting principles with useful or necessary modifications or adaptations required
or approved by the director, as supplemented by additional information as required
by the director. Financial information must include:
(1) Income statement;
(2) Balance sheet, and if required;
(3) A detailed listing of invested assets.
The filing may also include RBC calculations and other adjusted capital calculations
to assist the director. The statements must be prepared on forms required by the director. In addition, the director may require the filing of performance assessments of the
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