Ohio Administrative Code|Rule 1301:9-3-15 | Actuarial study of capital adequacy and disclosure of examination reports.

                                                
(A) The audit examination of the
		  credit union share guaranty corporation by the superintendent of credit unions,
		  conducted not more often than annually and not less than every three years,
		  shall include an actuarial study of the capital adequacy of the credit union
		  share guaranty corporation. The credit union share guaranty corporation will be
		  assessed the costs of the actuarial study.
(B) The superintendent of credit
		  unions shall determine when an actuarial study of the capital adequacy of the
		  credit union share guaranty corporation shall be conducted in accordance with
		  division (C) of section 1761.16 of the Revised Code and shall approve in
		  advance any proposal submitted by the share guaranty corporation concerning the
		  scope of, and the company to perform, such study.
(C) The credit union share guaranty
		  corporation shall provide the superintendent of insurance with a copy of the
		  audit examination report upon completion of such examination.
(D) The credit union share guaranty
		  corporation shall provide the superintendent of credit unions with a copy of
		  the examination report prepared by the superintendent of
		  insurance.
(E) The officers, employees, and
		  agents of a credit union share guaranty corporation shall not disclose the
		  contents of the audit examination report and any other special examination
		  report prepared by the superintendent of credit unions to any person other than
		  to the superintendent of insurance and to those officers, employees or agents
		  of the credit union share guaranty corporation and other state regulatory
		  agencies who have a need for such records in the performance of their duties,
		  unless such disclosure has been approved in advance by the superintendent of
		  credit unions.


Last updated December 10, 2021 at 11:43 AM