Keeping of business records

(1) A registered insurer shall at its registered office in Belize– (a) keep and maintain such business records as to correctly record and explain its transactions and financial position; (b) keep and maintain its business records in such a manner as to enable true and fair accounts to be prepared from time to time, and (c) keep and maintain its business records at its registered office in Belize unless otherwise authorized in writing by the Supervisor. (2) Any registered insurer who fails to comply with this section commits an offence against this Act.