Section 53, The Insurance Act, 2000

(1) Every insurer registered under this Act carrying on life insurance business shall every year, along with his accounts returns, submit to the Commissioner a return on the prescribed form showing as at the 31st day of December of the previous year the assets held invested in accordance with section 52 and all other particulars to establish that the requirements of that section have been complied with. (2) The Commissioner may require any insurer to whom subsection (1) applies to submit on 1st day of May, 1st day of August, and 1st day of November a return showing the assets held invested on 31st day of March, 30th day of June and 30th day of September of each year. [Margin: Verification of assets.]