463Licensed insurer to provide investment details

463 Licensed insurer to provide investment details (1) The MAI commission may request a licensed insurer to give the MAI commission details of how the insurer’s third-party funds, and other funds, are invested. Note A request under s (1) must be in writing and given to the licensed insurer, and state when and how the request is to be complied with (see s 464). (2) A licensed insurer commits an offence if— (a) the MAI commission requests the licensed insurer to give the MAI commission the details mentioned in subsection (1); and (b) the insurer does not comply with the request within the time stated in the request. third-party funds, of a licensed insurer, means the funds of the insurer derived from— (a) the payment of MAI premiums for MAI policies; and (b) the investment of the funds derived under paragraph (a).