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Annual Financial Reporting Model Regulation
Interactive Solutions, LLC provides a wealth of business advisory services to all types of insurance entities, including health, life, fraternal, and property and casualty. As insurance company compliance leaders face challenges in responding to intense and changing government regulation, stakeholders seek to identify a resource to assist in creating efficient and cost-effective solutions to timely respond to these priorities.
Interactive Solutions, LLC is the premier provider of Formula 3, a system designed to:
Provide the most efficient and effective method for satisfying your (MAR) compliance requirement.
Seamlessly establish the foundation for implementing a successful enterprise risk management function.
Leverage the highest caliber of expertise for attaining regulatory compliance and confidence within your internal control system.
Our insurance risk services group provides preparation services resulting from the Annual Financial Reporting Model Regulation "AFRMR" aka "Model Audit" or "MAR". The Model Audit Rule adopts various components from the Sarbanes-Oxley Act of 2002 and extends these requirements to privately held insurers meeting certain revenue thresholds. To obtain a copy of the suggested guidance and implementation guide as authored by the National Association of Insurance Commissioners,
click here
. The first year of implementation is scheduled for the year 2011, however, many insurance compliance leaders are currently implementing readiness assessments.