Insurance Act, 2017 (Act No. 18 of 2017)Chapter 7 : Reporting and Public Disclosures49. Additional matters relating to Chapter |
| (1) | If the Prudential Authority reasonably believes that any information provided in accordance with this Chapter is incomplete or incorrect, the Prudential Authority may— |
| (a) | direct the insurer or controlling company to provide the Prudential Authority, within a specified period, with specified information or documents to complete or correct information; or |
| (b) | reject the information and direct the insurer or controlling company to provide the Prudential Authority, within a specified period, with new information which is complete and correct. |
| (2) | If the Prudential Authority reasonably believes that information or a part thereof requires further investigation, the Prudential Authority may direct the insurer or controlling company to provide additional information or to secure a report from a person to be approved by the Prudential Authority, at the cost of the insurer or controlling company, by a specified date or within a specific period, and in the form, manner and containing the information as required by the Prudential Authority. |