(1) In this section -

"duly authorised officer" means a person authorised, in writing, by the insurance undertaking concerned or by some person authorised in that behalf by that undertaking;

"financial year" means the financial year of the insurance undertaking concerned.

(2) Each insurance undertaking shall furnish a certificate of compliance to the regulatory authority, not later than one month after the end of each financial year, in the form and manner that the regulatory authority may specify, stating, if this is the case, that the insurance undertaking has complied with this Act in respect of the following:

(a) the publication of a notice under section 9;

(b) in the case of an insurance undertaking that holds unclaimed policies to which section 10(1) applies, the transfer of moneys to the Fund under that section;