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bruneilawsby aturio
In forceAs enacted
Contents

23. Submission of financial statements

(1)

Every international insurer shall, within 6 months after the close of each fmancial year or such further period as the Authority may approve, submit to the Authority, in respect of its entire international insurance operations carried on in or from the Brunei Darussalam,

2 copies each of its audited annual balance sheet, profit and loss account, revenue account and, in respect of its life insurance business, a report setting out the actuarial valuation of its assets and liabilities.

(2)

Every international insurer which is a foreign international company or a company registered under

Part IX of the Companies

Act (Chapter

39) shall submit to the Authority 2 copies each of the documents mentioned in subsection

(1)

as approved in accordance with its constituent documents, as soon as practicable after such approval.

(3)

Every international insurer which is a foreign international company or a company registered under Part IX of the Companies

Act (Chapter 39) shall, in addition to the documents required to be submitted under subsection

(1)

or (2), also submit each year a certified copy of its latest audited annual balance sheet in respect of its entire operations both in and outside the Brunei Darussalam within 3 months of its being filed with the regulatory authorities in its country or territory of establishment or origin.

(4)

Every licensed international insurance manager, licensed international underwriting manager and licensed international insurance broker shall, within 4

months after the close of each financial year or such further period as the

Authority may approve, submit to the Authority 2 copies each of its audited annual balance sheet and profit and loss account.

Report

Read on from s 24

Schedules