Section 52: Examination of returns

52. Examination of returns (1) Where it appears to the Commission that any return or report furnished to it under this part is inaccurate or incomplete in any respect, the Commission may— (a) require further information, which shall be certified if it so directs, from the insurer or from such auditor, actuary or other person as it may consider necessary; (b) require the insurer to submit any document for examination by the Commission at its registered office, or its principal place of business, in Mauritius, or to supply any statement; (c) examine any officer of the insurer in relation to the return or report; or (d) reject the return or report unless such further information as may be required by the Commission is furnished within such period as it may specify, and if the Commission declines under this section to accept any return or report, the insurer shall be deemed to have failed to comply with the requirements of this Part in relation to such a return or report. (2) Any person who, for the purpose of making returns under subsection (1)— (a) makes a representation or statement which he knows to be false in a material particular; or (b) recklessly makes a representation or statement which is false in a material particular, shall commit an offence and shall, on conviction, be liable to a fine not exceeding one million rupees and to imprisonment for a term not exceeding 2 years.