(1) The Board may make an inquiry or investigation or cause to make an inquiry or investigation, as per necessity, in the interests of the Insurance Policy Holder or for any other reasonable cause, to any Insurer or * Insurance Agent or Surveyor or Broker or Insured as well as including all other related persons or corporate bodies, regarding the Insurance Business and also regarding the other business dealt by any Insurer if it has undertaken any other business.
(2) Upon making an inquiry or investigation pursuant to Sub- section (1), it shall be the duty of an Insurer, all employees of the Insurer whether
they are in service or retired, *Insurance Agent, Surveyor or Broker, Insured and all other related persons or corporate bodies, to assist, by providing the accounts,
records, registers, book accounts, or any other documents, information and replies, to questions asked during the inquiries or investigation.
(3) The expenses incurred for conducting inquiries or investigations pursuant to Sub-section (1) shall be borne by the concerned Insurer.
* Amended by 1 st amendment