Confidentiality of an auditor's documents is one issue insurers are raising with regards to the development of amendments to a Model Audit Rule (MAR) currently being worked on by state insurance regulators.
The changes to MAR are being examined by the National Association of Insurance Commissioners/American Institute of Certified Public Accountants (NAIC/AICPA) working group.
During a recent discussion with regulators about the amendments, Randi Reichel, a state affairs representative for America's Health Insurance Plans, Washington, stressed that enhanced reporting requirements should be accompanied by changes that would ensure confidential information is protected.
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