Circular INS-C02/13 - Appointment Of An Auditor

The Commission wishes to inform all registered insurers, brokers, and agents that pursuant to Section 10 of the FSC Act, every financial institution shall furnish to the Commission at the end of each quarter of the fiscal year, a financial statement and any other information necessary for the accurate interpretation of the financial statement. The statement should be submitted to the FSC within 30 days of the quarter end. Insurers, brokers, and agents therefore have to submit quarterly statements to the Commission. For the purposes of quarterly filings, the Commission will consider the submission of management accounts as adequate until further notice.