72. (1)

Where by a scheme under section 70, insurance business of one insurer is transferred to another, the transferee shall, within one month after the scheme takes effect, lodge with the Authority

{a} statements of the assets and liabilities of each insurer concerned as at the time immediately before the transfer, signed on behalf of the insurer and, in the case of the transferor, indicating whether the transfer is of the whole of the transferor's business and, if not, the extent to the transferor's assets and liabilities relate to the business transferred;

{b} a copy of the scheme as confirmed by the Court, and a certified copy of the order of the Court confirming the scheme;

{c} copies of any actuarial or other reports upon which the scheme was founded (being reports made since a copy of the scheme was lodged under subsection (1) of section-68; and

II

{d} a statutory declaration made by the chairman of directors of the transferee or by its principal officer in Brunei Darussalam, fully setting forth every payment made or to be made to any person on account of the transfer, and stating that, to the best of his belief, no other payment beyond those so set forth has been, or is to be, made on account thereof by or with the knowledge of any insurer concerned. In this paragraph, references to the making of a payment include references to the transfer of property or rights of any description.

On the confirmation of1s~heme under section 71, each of the insurers concerned shall file a copy of the scheme with the Registrar of Companies.