Section 41, The Insurance Act, 2000

If an insurer is a holding company of other insurers or a subsidiary of another insurer, the insurer shall submit in addition to the statement in section 37, a consolidated balance sheet and a consolidated income and expenditure account of the group of companies of which the insurer is the holding company or subsidiary, as the case may be. [Margin: Reports made to share-holders or policy-holders and abstract of meetings.]