Section 49, The Insurance Act, 2016

(1) If in the opinion of the Commissioner a documentfurnished by an insurer under section 41 is incorrect or not prepared in accordance with this Act, he may, by notice in writing, call upon the insurer to amend the document or to furnish a correct document or as the case may be, a document prepared in accordance with this Act (2) If an insurer fails to comply with a notice referred to in subsection (1) to the satisfaction of the Commissioner, the Commissioner may himself either amend the document in question, giving the insurer particulars of the amendments, or reject the document. (3) A document amended by the Commissioner or by an insurer under this section shall be deemed to have been submitted to the Commissioner in its amended form. (4) Where a document of an insurer has been rejected by the Commissioner under subsection (2), the insurer shall be deemed to have contravened the provisions of this Act in relation to that document unless and until he has furnished another document in accordance with the directions of the Commissioner. 34 35 Consolidated accounts of insurers who are holding companies or subsidiaries. Reports made to shareholders or policy-holders and abstract of meetings. Certificate relating to account statement. Auditor to send copy of report made to Management to Accounts and statements submitted by foreign insurers in their country of domicile. Certificate that foreign insurer has complied with the requirements and law in country of domicile. Amendments correction in accounts returns