Section 72: Financial statements and returns by insurance managers, insurance

72. Financial statements and returns by insurance managers, insurance agents and insurance brokers (1) No licensee under this Part shall change its balance sheet date without the approval of the Commission. (2) Notwithstanding any other enactment, an insurance manager, insurance agent or insurance broker, as the case may be, shall submit to the Commission not later than 3 months after the expiry of each balance sheet date and with reference to that year— (a) his audited financial statements; (b) any other statements or returns as the Commission may specify. [Issue 1] I15 – 50 Revised Laws of Mauritius (3) The Commission may specify the form in which financial statements are to be prepared for submission under subsection (2). (4) An insurance manager, insurance agent or insurance broker, as the case may be, shall— (a) keep such records as may be specified by the Commission; (b) furnish to the Commission such statements and returns relating to its business in such form and at such intervals as may be specified; and (c) provide such other document and information as the Commission may require. [S. 72 amended by s. 22 of Act 16 of 2007 w.e.f. 28 September 2007.]