Every person authorised as contemplated in regulation 4.1 shall—
(a) |
in respect of each period of 12 months referred to in regulation 4.2(e)(ii), furnish the person in whose favour the security is provided, with returns— |
(i) |
in the medium and form prescribed by the Authority; |
(ii) |
containing information relating to each short-term insurer concerned, of the premiums received after setting off any commission payable to that person for services as intermediary rendered during that period of 12 months; |
(iii) |
within a period of three months after the end of each such period of 12 months; and |
(b) |
in respect of every month in respect of which the authority is in force, furnish the short-term insurer concerned with returns— |
(i) |
in the form required by that short-term insurer; |
(ii) |
containing the information relating to the premiums received, the commission payable to that person and the amounts paid to the short-term insurer; and |
(iii) |
within a period of 15 days after the end of the month concerned. |