Sec. 3.2. As used in this chapter, "internal audit function" means a process that provides independent, objective, and reasonable assurance that is designed to: (1) add value to and improve a domestic insurer's or group of insurers' operations; and (2) accomplish the domestic insurer's or group of insurers' objectives; through introduction of a systematic, disciplined approach to the evaluation and improvement of the effectiveness of risk management, control, and governance processes. As added by P.L.146-2015, SEC.6.
"Internal audit function"
Ind. Code § 27-1-3.5-3.2, under Annual Audited Financial Reports.
Ind. Code § 27-1-3.5-3.2