Section 60, The Insurance Act, 2000

Where an amalgamation takes place between any two or more insurers or where the business of an insurer is transferred, the insurer carrying on the amalgamated business or the person to whom the 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; (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 37 or as near to them as possible. No. 5 Insurance Act 2000 37