Section 48, The Insurance Act, 2000

(1) If it appears to the Commissioner that an investigation or valuation to which section 46 applies does not properly indicate the condition of the affairs of the insurer by reason of the faulty basis adopted in the valuation, he may after giving notice to the insurer and giving him an opportunity of being heard, cause an investigation or valuation to be made by an actuary appointed by the insurer at his own expense, on such date as the Commissioner may specify; and the insurer shall place at the disposal of the actuary all the materials required by the actuary for the purpose of the investigation or valuation. (2) The abstract and statement prepared as a result of such investigation shall be furnished by such date as the Commissioner may specify. [Margin: Authentication of accounts and abstracts.]