(1) Independently of their size, insurance enterprises are to have their annual financial statements and management report as well as their consolidated financial statements and consolidated management report audited according to the provisions of Subdivision 3 of Division 2. Section 319 (1) sentence 2 does not apply. Where no audit has been performed, the annual financial statements cannot be adopted. The provisions of Subdivision 3 of Division 2 are to be applied to insurance enterprises that are public-interest entities as defined in section 316a sentence 2 no. 1 or 3 only insofar as Regulation (EU) No 537/2014 does not apply.
(2) In the cases governed by section 321 (1) sentence 3, the statutory auditor is to notify the supervisory authority without undue delay.
(3) Insurance enterprises that are public-interest entities as defined in section 316a sentence 2 no. 1 or 3 and that have no supervisory board or administrative body that must meet the pre-requisites set out in section 100 (5) of the Stock Corporation Act are to apply section 324, even if they are not operated in the legal form of a share capital company. This applies to insurance enterprises under public law governed by Land law only insofar as Land law does not provide otherwise. Section 324 (3) is to be applied to insurance enterprises even if they are not operated in the legal form of a share capital company.