← belizelaw.ai · Insurance, Cap. 251 · PART II — Licensing of Insurance Companies

Auditor’s right to information

Cap. 251, s. 49A · Revised Edition 2020

(1) On the request of the auditor of an insurer or insurance intermediary, a present or former director, officers, employee or representative of the insurer or insurance intermediary shall, to the extent that the person is reasonably able to do so– (a) permit access to any record, asset or security held by the insurer or insurance intermediary or any subsidiary of the insurer or insurance intermediary; and (b) provide such information and explanation, as is, in the opinion of the auditor, necessary to enable the auditor to perform the duties of the auditor of the insurer or (2) On the request of the auditor of an insurer or insurance intermediary, the directors of the insurer or insurance intermediary shall, to the extent that they are reasonably able to do so87 (a) obtain from a present or former director, officer, employee or representative of any entity which the insurer or insurance intermediary controls the information and explanation that such person is reasonably able to provide and that is, in the opinion of the auditor, necessary to enable the auditor to perform the duties of auditor of the insurer or insurance intermediary; and (b) provide the auditor with the information and explanation so obtained.

Amended by: 16 of 2014

Have a question about this section? Ask belizelaw.ai →
Auditor’s right to information — Cap. 251 s. 49A · Belize Law