UNDER SECTION 17 OF THE ABOVE ACT, THE LFC IS EMPOWERED TO INSPECT AND MAKE EXTRACTS FROM THE RECORDS SUPPORTING THE YEARLY RETURN PROVIDED. IN ORDER TO GAIN ASSURANCE THAT THE YEARLY RETURN FOR, BUT NOT LIMITED TO, THE YEAR ENDED 31/12/2023 IS COMPLETE WITH RESPECT TO REFLECTING THE GROSS AMOUNT OF PROPERTY INSURED, WE WILL BE PERFORMING INSPECTIONS UNDER SECTION 17 OF THE ACT AND YOU SHOULD ENSURE THAT SUPPORTING PAPERS AND REPORTS ARE RETAINED TO FACILITATE ANY INSPECTION. ANNUAL INSPECTIONS WILL BE PERFORMED ON A ROLLING BASIS FOR COMPANIES SELECTED AT RANDOM. A MEMBER OF THE LFC INTERNAL AUDIT MAY BE IN CONTACT WITH YOU REGARDING THIS MATTER |