Insurance Order, 2006 · s 8

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s 8

(1)

Whenever the Authority has reason to suspect or believe that a person is carrying on insurance business without having been registered under this Order/

he may call for or inspect the books, accounts and records of that person in order to ascertain whether or not that person has contravened any provisions of this

Order.

1003

{2)

Any person who wilfully refuses to submit such books, accounts and records or to allow the inspection thereof shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $20,000, imprisonment for a term not exceeding 12 months or both, and in the case of a continuing offence to a further fine not exceeding $4,000 for every day during which the offence continues after conviction.

Registration of insurers