(1)  An insurance company must, not later than 14 days after the end of each month, furnish the Commission with a return in accordance with this section.

Penalty:  Fine not exceeding 200 penalty units and, in the case of a continuing offence, a further fine not exceeding 2 penalty units for each day during which the offence continues.

(2)  The return is to –

(a) be in an approved form; and

(b) contain such particulars as the Commission requires of the premium income that is payable to the company for prescribed classes of insurance during that month; and

(c) contain a declaration by an officer of the company that, according to the company's books and to the best of the officer's knowledge and belief, the return contains a true account and statement of the matters referred to in it.