ACLI Offers SOX Alternative
The American Council of Life Insurers, Washington offered analternative proposal to regulators meeting in Rhode Island who wantto include provisions of the Sarbanes-Oxley Act of 2002 in stateinsurance regulation.
Meanshile Douglas Stolte, deputy insurance commissioner with theVirginia Insurance Bureau and head of the National Association ofInsurance Commissioners/American Institute of Certified PublicAccountants (NAIC/AICPA) working group, gave a briefing to stateinsurance legislators on the statust of proposed changes in theNAIC's model audit rule.
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