291. Every insurer, other than a mutual insurance association, shall have its books and accounts audited every year by an auditor who has the qualifications required under this division.
In the case of a company, the auditor is appointed in accordance with the laws governing it; in other cases, he is appointed by the annual general meeting of the corporation or, in the case of Lloyd’s, by such underwriter.
1974, c. 70, s. 291; 1985, c. 17, s. 38.