THIRD SCHEDULE
Regulation 16
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.