21. Power to inspect insurance undertakings carrying on life assurance business in the State by way of branch establishment or by way of services into the State.
(1) Where an insurance undertaking is carrying on life assurance business in the State by way of branch establishment or by way of services into the State, in the interests of consumer protection, the proper and orderly regulation of the financial services industry or the general good, it shall submit to an inspector, on request, all documents which the inspector considers necessary for the purposes of implementing this section insofar as an insurance undertaking with a head office situated in the State is also required to do so.
(2) Where an insurance undertaking carrying on life assurance business by way of branch establishment or by way of services into the State does not comply with a request from an inspector under subsection (1), the inspector shall inform the regulatory authority which may, by written direction, require the insurance undertaking to comply with the request.
(3) Where an insurance undertaking fails to comply with a direction under subsection (2) of this section or section 25 (1), as the case may be, the regulatory authority shall inform the supervisory authority concerned.