(1) In accordance with sub-section (2) of Section 20 of the Act, an insurer carrying on more than one insurance business shall keep the accounts of each insurance business clearly separately and submit the details thereof to the office of the Committee within 6 months of the end of each financial year in the format as per Schedule-5. Explanation: "Schedule-5" means clauses "A", "B", "C", "D", "E", "F", "C", "J", "J", "J" of Schedule-5. ”, “t”, “th”, “d”, and “dh” also refer to .
(2) The insurance company has to submit the complete details of its assets and liabilities to the office of the committee within 6 months after the end of each financial year in the format as per schedule-6.