Section 37, The Insurance Act, 2000

(1) Every insurer shall, within three months of the end of each year prepare with reference to that year and furnish to the Commissioner in respect of all insurance businesses transacted in Sierra Leone— (a) a balance sheet showing the financial position in respect of all insurance businesses transacted; No. 5 Insurance Act 2000 27 (b) a profit and loss account in respect of all insurance business; (c) a separate revenue account for— (i) life insurance business; (ii) each class of insurance business other than life insurance business; (iii) each class of re-insurance business; (d) an analysis of life insurance policies at the beginning and end of that year; (e) a return required to be filed under section 45; (f) a statement showing the amount of premium, commission and claims arising out of business ceded or accepted by way of re-insurance; (g) a return required to be filed under section 53; (2) The accounts and other returns required under subsection (1) shall be audited by an independent firm of auditors approved by the Commissioner. [Margin: Records to be kept by foreign insurers.]