In accordance with section 39 (1) of the Insurance Act, 2009, a registered insurance company shall, within four months of the end of each financial year, or within an extended period not exceeding two months as the Registrar may allow, submit to the Registrar three copies of-

1. a balance sheet showing the financial position of all insurance business of the registered insurance company at the end of that year;
2. A profit and loss account in respect of all its insurance business in that year;
3. Separate income statements for that year in respect of each class of insurance business carried on by it;
4. An analysis of long-term insurance policies in force at the end of that year; and
5. A certificate of registration signed by its auditors that the registered insurance company is not insolvent.

A registered insurance company that fails to submit any document or information required under this section, shall pay to the Registrar on such date as may be fixed by him or her, a fee of Eastern Caribbean two hundred dollars (EC$200) for every day that the document or information remains outstanding.