Audit and auditor’s report
12.—(1)  A licensed insurer shall lodge, with any statement of account and balance sheet lodged under regulation 4 —
(a)an auditor’s report in Form 25, stating the auditor’s opinion; and
(b)an auditor’s supplementary report in Form 26,
which shall be signed by the auditor.
[S 243/2013 wef 18/04/2013]
(2)  A licensed insurer shall be exempted from section 39(1) and (3) of the Act to the extent that that section requires the insurer to send to any person or allow the inspection by any person of an auditor’s supplementary report.
[S 243/2013 wef 18/04/2013]
(3)  For the purposes of section 36(3A)(a) of the Act, statements of account and other statements lodged in accordance with regulations 4(2) to (6) and 8 in Forms 1, 2, 6, 8, 9, 21, 22 and 23, as the case may be, shall be audited by an auditor who satisfies section 36(6) of the Act.
[S 243/2013 wef 18/04/2013]
(4)  Any statement audited by the auditor under paragraph (3) shall include any Notes contained in the Forms referred to in that paragraph but shall exclude any Annex contained therein.
[S 243/2013 wef 18/04/2013]