Assurance Companies. [Ch. 31. No. 19.

 

(2) The Registrar General may, by notice in writing
served upon an assurance company, require it to furnish
to the Registrar General within such time as may be
specified in the notice such explanations, information,
accounts, balance sheets, abstracts, and statements, as he
considers to be necessary for the purpose of determining
whether the company is insolvent, or was insolvent at any
date (not earlier than the close of the period to which the
last deposited accounts and balance sheet of the company
relate) specified in the notice, and may, by the notice,
require any such explanations, information, accounts,
balance sheets, abstracts, or statements to be signed by
such number of the directors and by such officers of the
company, and to be accompanied by such copies of docu-
ments, as may be specified in the notice, and to be certified
as correct by an auditor approved by the Registrar General,
or by an actuary so approved, or by both such an auditor
and such an actuary.

(3) If after such a notice as aforesaid has been served
upon an assurance company, either-——

(a) the company does not, before the expiration of
the time limited by the notice, comply with all the
requirements of the notice, other than such require-
ments, if any, as may have been withdrawn by the
Registrar General; or

(6) the Registrar General, after considering the
material, furnished pursuant to the said requirements,
considers it to be expedient for the purpose aforesaid
so to do;

the Registrar General may serve upon the company a notice
in writing stating that he proposes to appoint one or more
inspectors to investigate the affairs of the company and to
report thereon in such manner as the Registrar General
may require, and unless the company within a period of
seven days from the date of the service of the notice upon
it gives notice in writing to the Registrar General that it
objects to such an appointment being made, the Registrar
General may, after the expiration of that period, make such
an appointment.

(4) If the company within the said period gives
notice in writing to the Registrar General that it objects
T.—IV. 62

977