4. (1) Every insurer shall forthwith deposit all securities and documents of title to any assets appertaining to the insurance business in any Bank in which the insurer had an account immediately before the appointed day in the place where the head office or any of the principal offices of the insurer is situated; and no such security or documents shall be withdrawn from the Bank, as the case may be, except with the permission of the Government:
Provided that nothing contained in this sub-section shall apply to any security or document of title kept pursuant to the provisions contained in sub-section (4) of section 27 of the Insurance Act, or kept in trust with an Official Trustee in pursuance of the Articles of Association of an insurer unless the Government, by notified order, otherwise directs.
(2) Every insurer shall deliver forthwith at the place and to the person specified in this behalf by the Government in respect of the insurer the following documents, namely:-
(i) the minutes book or any other book in Bangladesh containing all resolutions of the persons in charge of the management of the insurance business;
(ii) the current cheque books relating to the insurance business which are at the head office and/or the principal offices of the insurer in Bangladesh;
(iii) all registers or other books containing particulars relating to the investment of any moneys appertaining to the insurance business including investments or mortgaged properties and all loans granted and advances made otherwise than on policies;
(iv) all brokers' notes or certificates in possession of the insurer in respect of any orders for the investment of any moneys to the insurance business.
(3) The Government may require the persons in charge of the management of the insurance business of an insurer under this Order to furnish to the Government or to any person authorised by Government such returns, statements and other information relating to the insurance business as may be mentioned in the direction.
(4) The persons in charge of the management of the business of an insurer under this Order shall be entitled to such remuneration, whether by way of allowance or salary as the Government may determine; and any such person may, by giving a month's notice in writing to the Government of his intention so to do, relinquish charge of the management of the insurance business.