(1) As respects the year of assessment 2001 and subsequent years of assessment, the Principal Act is amended in Chapter 4 of Part 38 by the insertion of the following after section 904D (inserted by the Finance Act, 2000):
"Power of inspection: claims by authorised insurers.
904E.
(1) In this section -
'authorised insurer' has the same meaning as in section 470;
'authorised officer' means an officer of the Revenue Commissioners authorised by them in writing to exercise the powers conferred by this section.
(2) An authorised officer may at all reasonable times enter any premises or place of business of an authorised insurer for the purpose of auditing for a year of assessment claims made by the authorised insurer under section 470(3)(b)(ii).
(3) Without prejudice to the generality of subsection (2), the authorised officer may -
(a) examine the procedures put in place by the authorised insurer in relation to the vouching of claims referred to in that subsection, and
(b) check a sample of
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