Keeping of records by licensed brokers

Every broker and corporate agent licensed in accordance with this Part shall– (a) establish and maintain within Belize distinct accounts for each insurer with which such broker or corporate agent places insurance business and shall make available to the Supervisor on the Supervisor’s written (i) a record of all local policies issued by him on behalf of any licensed insurer or (ii) a record of the aggregate amount of the premiums received on such policies; and (iii) an analysis of premiums payable to insurers by the number of days such premiums have been outstanding; (b) submit to the Supervisor within four months of the end of its financial year a copy of its audited financial statements. 126 Long-Term Insurance Business actuary for long-