Washington–The Securities and Exchange Commission has granted small insurers and other public companies with revenues of $75 million or less another year to comply with financial filing requirements of the Sarbanes-Oxley Act.
An insurers' trade group said the action would likely delay a move by state regulators to require more reporting by small mutual insurance companies.
SEC's decision on Section 404 of the federal financial disclosure law means small public companies won't have to file under that provision until July 2007.
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