← belizelaw.ai · Insurance, Cap. 251 · PART II — Licensing of Insurance Companies
Consideration of statement of companies
Cap. 251, s. 31 · Revised Edition 2020
If it appears to the Supervisor that–
(a) a statement furnished to him under section 30 of this Act, is in any respect unsatisfactory,
incomplete, inaccurate or misleading or otherwise fails to with the requirements of that section; or 65
(b) the value of the assets, or of the assets included in a particular class of assets as shown by the statement is insufficient or excessive,
the Supervisor may, after considering any explanation made by or on behalf of the company, give to the company such directions in writing as he thinks necessary–
(i) for the variation of the statement;
(ii) for an increase or decrease in the value of the assets respectively,
and the company shall within thirty days comply with any directions so given.
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