(1) A registered undertaking -

(a) shall maintain such records relating to its health insurance business as may be prescribed, and

(b) shall furnish to the Minister or the Authority, as the case may be, such information regarding the health insurance business aforesaid carried on by it as the Minister or the Authority may require for the purposes of his or her or, as the case may be, its functions under this Act.

(2) Upon the establishment day, subsection (1) shall cease to have effect in so far as it relates to the Minister.