17. —(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;

(c) in the case of an insurance undertaking which does not hold any unclaimed policies to which section 10(1) applies, the filing of a report to that effect with the Agency under section 10(4);

(d) the keeping of a register in accordance with section 12;

(e) the processing of claims under section 15.

(3) The certificate shall be signed by a duly authorised officer and shall include any qualifications, amplifications or explanations that the officer considers appropriate.

(4) An insurance undertaking is guilty of an offence if it fails to—

(a) appoint a duly authorised officer, or

(b) furnish a certificate of compliance under this section.