Insurance Act (Chapter 142)Insurance (Accounts and Statements) Regulations
Information on External Auditor
Information to be furnished by a registered insurer to the Authority regarding the external auditor of the insurer for the purposes of regulation 16 shall include —
(a)
the names, qualifications, years of auditing experience and experience in auditing insurers of —
(i)
the audit team leader; and
(ii)
every other member of the audit team;
(b)
the number of times the audit team leader has led an audit team to audit the registered insurer in the past 5 years;
(c)
the time spent (in man-hours) by the audit team leader in the audit of the registered insurer;
(d)
the total time spent (in man-hours) by the audit team in the audit of the registered insurer; and
(e)
the amount of fees paid by the registered insurer to the external auditor for each audit.