Powers of Supervisor to request information

(1) The Supervisor may require a company licensed under this Act to carry on insurance business– (a) to furnish him at such time and in such manner as he may determine with such information in connection with its insurance business as he may specify; (b) to produce at such time and place as he may determine such books, papers or other documents in connection with its insurance business as he may specify; or (c) to produce to any person authorised in writing by him such books or papers as he may specify. 93 (2) A person who is authorised by the Supervisor pursuant to sub-section (1)(c) shall, where requested to do so, produce evidence of his authority to the company. (3) The powers conferred under sub-section (1) on the Supervisor or on a person authorised by him may be exercised even where the books, papers, or other documents are in the possession of another person, except that where the person who is in possession claims a lien on books, papers or other documents the production shall be without prejudice to the lien. (4) The powers conferred under sub-section (1) on the Supervisor or on a person authorised by him includes a power– (a) to take copies of or extracts from the books, papers or other documents which have been produced; and (b) to require the company or the person in whose possession the books, papers or other documents were, or any other person who is or was a director or auditor of the company or who is or was employed by the company to explain any of the contents thereof; or (c) where the books, papers or other documents have not been produced, to require the company which or the person who was requested to produce them to give reasons for failing to do so.