(1) Whenever the Bank considers it necessary in order to satisfy itself whether an undertaking is complying, or has the ability to continue to comply, with its obligations under the Insurance Acts, the Bank may direct an investigation of the business of the undertaking or of any aspect of such business.
(2) Where the Bank directs such investigation it may require the undertaking to furnish to it, by a specified date any return, document or account, whether in relation to the undertaking itself or any connected body which the Bank may specify, necessary for the conduct of the investigation, and it may also require the undertaking to furnish to it returns and accounts duly certified, or any document duly attested, necessary to satisfy it as to the financial state of the undertaking.
(3) For the purposes of this section "connected body" has the meaning given to it by section 16.
(4) If the undertaking fails to comply with subsection (2), the Bank may suspend or revoke the undertaking's au
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