Section 6Part 2 — LICENSING
Requirement for an insurance manager
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A class B insurer or a class C insurer, unless it maintains permanently a place of business approved by the Authority, shall appoint an insurance manager in the Islands and maintain, at the insurance manager’s place of business or at another location approved by the Authority, full and proper records of the business activities of the class B insurer or class C insurer, sufficient to —
explain the transactions of the class B insurer or class C insurer;
disclose, with reasonable accuracy, at any time the state of the affairs of the class B insurer or class C insurer; and
enable the class B insurer or class C insurer to prepare annual financial statements.