Every company shall, at the expiration of each of its financial years, prepare a printed statement, in such form as the Governor-General may from time to time by Order in Council prescribe, of its accident insurance business transacted in New Zealand during such year, and of its balance sheet at the close of such year.

Every such statement shall be signed by the principal officer of the company managing the accident insurance business in New Zealand, and shall have appended thereto a certificate signed by the said principal officer and by the auditor, to the effect that the assets set forth in the balance sheet forming part of the statement are, in the aggregate, fully to the value stated therein, and that no part of the Accident Insurance Fund has been applied, directly or indirectly, for any purpose other than accident insurance business.

Where a company transacts any other class of insurance business besides accident insurance, the statement shall include an explanation of the manner in which expenditure common to the business as a whole has been apportioned amongst the different classes of business.

Every statement prepared pursuant to section 3 of this Act shall, within 4 months of the close of the company’s financial year, be deposited with the Secretary for Justice, together with 3 printed copies thereof.”