The financial statements included in the audited financial report shall be prepared in a form and using language and groupings substantially the same as the relevant sections of the annual statement filed pursuant to § 58-6-75 and the financial statement shall be comparative, presenting the amounts as of December thirty–first of the current year and the amounts as of the immediately preceding December thirty–first. In the first year in which an insurer is required to file an audited financial report, the comparative data may be omitted.

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Source: SL 1992, ch 357, § 5.