Section 65, The Insurance Act, 2016

Where an amalgamation takes place between any two ormore insurers or where the business of an insurer is transferred , the insurer carrying on the amalgamated business or the person to whom business is transferred as the case may be, shall, within three months from the date of the completion of the amalgamation or transfer, furnish to the Commissioner– (a) a certified copy of the scheme, agreement or deed under which the amalgamation or transfer has been effected; 42 43 Inspection of books, documents etc. Power to call information Transfer of life insurance policies Statement after amalgamation or transfer. (b) certified copies of any other reports on which the scheme, amalgamation or transfer was founded; and (c) balance sheets and revenue accounts in respect of the insurance business of each of the insurers concerned in the amalgamation or transfer prepared in the forms prescribed under section 41 or as near to them as possible.