Full legislation
s.25B
Direction by Authority to re-determine liabilities
Where the
Authority
is of the opinion that
an
authorized insurer’s
insurance
liabilities mentioned in
section 25A(3A)
would be
significantly greater if determined as of a day later than the
date
as of which the liabilities are required to be determined in accordance with the
rules made under
section 129
,
the
Authority may, by notice sent to the insurer, direct the insurer
to re-determine
the
liabilities as of a date specified in the notice, and
the
Authority may specify the manner of re-determination, and, in that
case,
the insurer
must
re-determine
the
liabilities as of the date and in the manner, if any, specified in the
notice.