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thank you, come again!
Froogle 1.1.1.7
Froogled By:
Elias Makere, FSA, MAAA
Last Froogled:

AUDIT COMMITTEE

a committee (or equivalent body) that has been established – by an entity’s board of directors– for the purpose of overseeing:
(a) the accounting/financial reporting processes of an insurer (or insurer group);

(b) the internal audit function of an insurer (or insurer group); and/or

(c) the external audits of financial statements of an insurer (or insurer group).
if an insurer does not designate its audit committee, then its entire board of directors will constitute the audit committee.
Congratulations! You're now Froogled Up™ on what "Audit Committee" means!

Feel free to use it throughout your financial/insurance life.

Sincerely,



www.FroogleMe.com
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