Later Than It Seems

Foster, Greg; Bondurant, Ward
July 2009
Best's Review;Jul2009, Vol. 110 Issue 3, p96
Trade Publication
The article presents the misconceptions of insurance companies concerning the planned implementation of the revised Model Audit Rule (MAR) in the U.S. by December 31, 2009. These include belief of having lots of time to prepare for the rule, underestimating their compliance to MAR, and relying on internal resources for MAR compliance. It reveals that an assessment of the risks offered by the rule should be considered by insurance companies.


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