Furnishing of documents and information to the Supervisor

An association of underwriters licensed in accordance with this part (in this Part referred to as “a licensed association”) shall furnish to the Supervisor– (a) in the case of an association constituted outside– (i) a certified copy of such returns relating to the insurance business of the members during the preceding year as are required to be made to the responsible Minister or other public authority in the country in which the association is constituted; (ii) a certificate, signed by the Chairperson or other presiding officer of the association and by or on behalf of the responsible Minister or other public stating whether the requirements of the legislation for the of of 110 underwriters in the country in which it is constituted; (iii) the latest annual list of members and the names of its committee or other governing body; (iv) a statement of receipt and expenditure by its members in Belize during the preceding year which statement shall include gross premiums, gross claims paid and commissions paid, shown separately for motor vehicle insurance business, property insurance business, marine, aviation and transit insurance business, and also shown separately for direct and reinsurance business; and (v) such other documents and information as the Supervisor may require, and these documents and submissions shall be furnished to the Supervisor at the same time as they are required to be submitted to the responsible Minister or other public authority in the country in which the association is constituted; (b) in the case of an association constituted within Belize and within four months of the end of its financial year– (i) an audited statement of its accounts for that year; (ii) such returns relating to the insurance business carried on by each of the members of the association as the Supervisor may require; and 111 (iii) such documents and information as the Supervisor may require. licenses.