sec.70Accounts and returns of licensed insurers

### sec.70 Accounts and returns of licensed insurers A licensed insurer must keep the accounting and other records about its business, and its financial position, that may be required by this Act or the industry deed. The regulations may prescribe accounting or other standards with which the records must comply. A licensed insurer must file returns and other documents with the commission as required by the industry deed or regulation. Maximum penalty—150 penalty units. The regulations may require that returns or accompanying documents be certified by an auditor or actuary. (sec.70-ssec.1) A licensed insurer must keep the accounting and other records about its business, and its financial position, that may be required by this Act or the industry deed. (sec.70-ssec.2) The regulations may prescribe accounting or other standards with which the records must comply. (sec.70-ssec.3) A licensed insurer must file returns and other documents with the commission as required by the industry deed or regulation. Maximum penalty—150 penalty units. (sec.70-ssec.4) The regulations may require that returns or accompanying documents be certified by an auditor or actuary.