Model Audit Rule
Confidentiality of an auditor’s documents is one issue insurers are raising with regard to the development of amendments to a Model Audit Rule that state insurance regulators are currently working on.
The changes to the rule are being examined by the NAIC/AICPA working group of the National Association of Insurance Commissioners, Kansas City, Mo.
During a recent discussion on amendments, Randi Reichel, a state affairs representative for America’s Health Insurance Plans, Washington, stressed that enhanced reporting requirements should be accompanied by changes that would ensure that confidential information is protected.
It is important that there be protections in place to keep confidential documents from purview under Freedom of Information Act requests, she continued.