For the purposes of this subchapter, the following terms shall have the following meanings:

(1) "Audited financial report" means and includes those items specified in ARM 6.6.3504.

(2) "Accountant" and "independent certified public accountant" means an independent certified public accountant or accounting firm in good standing with the American institute of CPAs (AICPA) and in all states in which they are licensed to practice; for Canadian and British companies, it means a Canadian-chartered or British-chartered accountant.

(3) "Insurer" means a licensed insurer as defined in 33-1-201 and 33-2-1501 , MCA, or an authorized insurer as defined in 33-1-201 , MCA.