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NAIC Annual Financial Reporting Model Regulation (Model Audit Rule, MDL-205) Readiness Advisory

Score your readiness for free, then turn the results into a plan in a 30-minute strategy call with Ivanka, co-founder of The Art of Service, which has trained 54,000+ professionals across 160+ countries.

21
Controls
6
Domains
–
Mapped Frameworks
United States (model for State adoption)
Jurisdiction

Why work with Ivanka on NAIC Annual Financial Reporting Model Regulation (Model Audit Rule, MDL-205)

The NAIC Model Audit Rule as States adopt it: the annual audit of statutory financial statements by an independent CPA filed by 1 June, the accountant's registration, qualifications, five-year lead partner rotation, prohibited non-audit services and audit committee pre-approval, the accountant's letter of qualifications and seven-year work paper access, five-business-day reporting of material…

Compliance work stalls when it is treated as a checklist. Ivanka treats NAIC Annual Financial Reporting Model Regulation (Model Audit Rule, MDL-205) as a strategic decision: what matters most for your organisation, what to do first, and what your leadership team needs to understand. For 25 years she has built The Art of Service, whose compliance platform now covers 1,062 frameworks.

The free readiness assessment scores your organisation against the 21 controls across 6 domains of NAIC Annual Financial Reporting Model Regulation (Model Audit Rule, MDL-205). The strategy call turns those scores into priorities.

Relevant credentials

  • Co-founder of The Art of Service, which has trained 54,000+ professionals across 160+ countries
  • MIT Entrepreneurial Masters Program graduate
  • EXIN Expert Panel member

What you get in 30 minutes

Gap Assessment Review

Ivanka reviews your NAIC Annual Financial Reporting Model Regulation (Model Audit Rule, MDL-205) readiness scores with you and agrees which gaps matter most. Specific to your results, not generic advice.

Implementation Roadmap

A clear, prioritised plan for addressing gaps across 6 domains: what you can build on from existing work and what needs new investment.

Cross-Framework Strategy

How NAIC Annual Financial Reporting Model Regulation (Model Audit Rule, MDL-205) fits with the other obligations you already manage, so it strengthens your existing programme instead of running beside it.

Domains covered in NAIC Annual Financial Reporting Model Regulation (Model Audit Rule, MDL-205)

01Sections 6, 7, 12 and 13: the independent certified public accountant, designation, qualifications, independence, letter of qualifications and work papers
02Sections 4, 5, 8 and 9: the annual audited financial report, its filing, contents, consolidated audits and audit scope
03Sections 14, 15 and 16: audit committee, internal audit function and conduct of the insurer towards the auditor
04Section 17: management's report of internal control over financial reporting
05Sections 10 and 11: notification of adverse financial condition and communication of internal control matters
06Sections 1 to 3 and 18 to 20: authority, purpose, definitions, exemptions, effective dates and severability

This is for you if

  • You need to achieve NAIC Annual Financial Reporting Model Regulation (Model Audit Rule, MDL-205) compliance but don’t know where to start or how to prioritise
  • You’ve been told you’re “compliant” but suspect gaps exist that haven’t been properly assessed
  • You manage compliance for property and casualty insurers, life and annuity insurers, health insurers, reinsurers, insurance holding company systems, title insurers, statutory audit practices of accounting firms, insurance department financial examiners organisations and need expert guidance, not generic templates
  • You want to leverage existing compliance efforts across multiple frameworks rather than starting from scratch
  • You need a strategic plan your leadership team and board will actually understand and support

Start with a free assessment. Then let's talk strategy.

Take the free NAIC Annual Financial Reporting Model Regulation (Model Audit Rule, MDL-205) readiness diagnostic. In 5 minutes you'll have a clear picture of where your gaps are. Then book the strategy call and Ivanka will help you decide how to close them.

Start your free NAIC Annual Financial Reporting Model Regulation (Model Audit Rule, MDL-205) assessment

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Or go directly to the $149 Report + Strategy Call